Geopolitical Fears Weigh on Gold

Since it became evident that the Fed was going to raise rates at its March meeting next week, gold has moved pretty much in a straight line down from $1,260 to $1,215. We have broken down through the 100-day moving average. 

Obviously, in my 100 years (at least it seems that way) in the gold market, rising interest rates and a stronger dollar are two main reasons to short gold. Geopolitical worries, especially when it has to do with countries like North Korea, have been shrugged off as non-events to the gold market in recent years. I think there may be more to it this time around. After all, the rise from $1,160 to $1,260 came with a steady dollar and a 10-year Treasury yield between 2.3% and 2.5%. ...548 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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