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Gold price set for worst January in 10 years – MINING.COM – MINING.com
Bullion’s slow start to the year may be explained by weaker demand for gold during the past quarter.
Nevertheless, the precious metal has lost about 2.8% so far this month, on course for its worst January performance since 2011.
If I look at gold, it seems the market was looking for a more dovish Fed, Giovanni Staunovo, an analyst at UBS Group AG, told Bloomberg. I still believe we will see a higher price this quarter, supported by low(er) US real rates and a weaker US dollar.
Bullion’s slow start to the year may be explained by weaker demand for gold during the past quarter.
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