Gold Struggles To Garner Investment Case, But Could Be Forming Base – Triland Metals

 

(Kitco News) - Triland Metals analysts say gold is struggling in the aftermath of Wednesday’s Federal Open Market Committee minutes release; however, the metal may be forming a base.

 

“Without a paying dividend and within the context of a buoyant stock market, gold is struggling to garner an investment case,” they say.

 

“But then neither is it rushing away to the downside in and around the $11 big figure and we believe the metal is building a base,” they add.

 

Analysts also note that they expect other commodities to see a “real flush out to realign the chronic supply surplus we have had since 2008.”

 

Courtesy: Kitco News