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

Published: Apr 10, 2015 17:05

Save

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.

Author: Paul Ploumis10 Apr 2015 Last updated at 05:34:56 GMT

(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

gold price

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn