On Tuesday the gold price continued to lose ground as money rotates into riskier assets like stocks. In thin volumes on the Comex division of the New York Mercantile Exchange, gold futures for April delivery ended the day at $1,1999.30 an ounce, down slightly from Monday’s close after earlier slumping to near its lowest for the year at $1,190.60.
While the gold price struggles equity markets continue to reach new highs. London’s FTSE-100 hit an all-time record on Tuesday, while US stock markets did the same after comments from Chair Janet Yellen reassured investors about the timing of rate hikes.
California-based investment site Gold Eagle interviewed noted gold market commentator Nick Barisheff who provided some insights into the disconnect between … read more