Disliked{quote} Gold will fall.... Tapering means the restriction or the reduction of money supply.... when supply falls, and demand stays unchange price rises... (in this case the value of the dollar rises, as theres less dollar in the market) then Gold being XAUUSD, USD strength will drive XAUUSD down. and rightfully so, as rising interest rates or tapering should be seen as signs that economy is in recovery, time for the fed to reload its bullets after using them all up on QE.... So theres less panic in the market.... and people wont be needing gold...Ignored
got it,but my fxcm dollar chart shows $ going down and gold is also doing the same thing. This bit is confusing like hell.
the cautious seldom err....C