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
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, sending bullion prices swinging and driving the metal's 30-day volatility to a six-week high.
While traders couldn't decide on a direction for gold, Robin Bhar and Barnabas Gan, the most accurate forecaster…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Orsted says Taiwan wind project to power TSMC on track for 2025 finish
Gold edges down as Middle East worries ebb
Oil rises as dollar slips, focus shifts to economic data
California to wrap up ExxonMobil plastics probe ‘in weeks’, AG says
Gold edges higher; hovers near one-week low on tempered Middle East fears
Why has gold’s inverse relationship with the US dollar reversed?