Gold in Euros Should Rise This Year

Gold is lower after Fed speakers the past two days, including Janet Yellen, have shown a further tightening bias, causing the dollar to strengthen. It also did not help that Mario Draghi in his post-ECB meeting comments sees little inflation in the euro zone, which weakened the euro.

There are many who pontificate about how the Trump presidency is going to affect the gold price, from some calling for $700 an ounce to others saying "to the moon." Because I do not know what policies are going to be passed or when, I only continue to make one prediction. I feel that gold in euros will be higher at the end of the year than the 1,128 euros we are presently trading. I think the ECB will raise rates much more slowly than the Fed's pace of rate rises, and that the populist political movement on the back of immigration worries will push the euro below parity in 2017....578 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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