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