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Gold's wild ride leaves best forecasters siding with fund bears

Investors see no reason to stay in bullion with little inflation, end of US stimulus
Tuesday, December 22, 2015 - 05:50
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Higher interest rates cut gold's appeal as a store of value as the dollar strengthens. Unlike the 1970s when gold surged, this time an important element is missing: high inflation.

New York

JANET Yellen sent gold prices on a roller-coaster ride. Now, hedge funds and the metal's best forecasters are predicting there's only one way prices are heading next: down.

The Federal Reserve chief last week raised US interest rates for the first time in almost a decade,

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