Gold prices are rallying the day before the Thanksgiving holiday, driven higher by the weakening U.S. dollar and tumbling equity prices. Stocks are attempting a recovery early on Wednesday after what was the worst beginning to Thanksgiving week in more than 40 years. Nonetheless, trade on gold was rather subdued this morning as investors held back, and analysts expect the yellow metal to remain somewhat range-bound, but only in the short term.
Q3 hedge fund letters, conference, scoops etc
Headwinds for gold prices
Bank of America Merrill Lynch strategist Michael Widmer and team said in their recent “Metal Strategist” preview report for 2019 that they feel the markets have been...
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