PNA 0.00% $1.84 panaust limited

gold bouncing higher on greenspan remarks

  1. SCD
    3,438 Posts.
    Greenspan is speaking to a group of Central Bankers in China...gold is bouncing higher again (and USD is weakening) after his remark that inverted yield curve is an indicator of slowing economic growth.

    If he is restrained from increasing interest rates much more then, the USD becomes less attractive relative to gold.

    Positive sentiment returns to the gold stocks which offer greater leverage to the gold price.
 
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