MARKET VOLATILITY: Due to potential market volatility all orders over the value of £10,000 will require a deposit of 10% if placed using bank transfer or cheque. Deposits will be taken by debit/credit card during the checkout process.

Open menu Close menu Menu
Open charts menu Close charts menu Charts

Call us: 0121 634 8060, 7 days, 7am - 10pm

Free Insured Next Day Delivery

Ounce Gram
Gold £1147.61 £36.897
Silver £13.510 £0.4344

Updated 14:20 19/10/19

£ $

Hedge funds withdraw but could 2017 see a gold rebound?


Samuel Gee, News Editor
19 Dec 2016, 3:05 p.m.

After five consecutive weeks of losses for gold, hedge funds have decreased holdings in the precious metal to their lowest level since February.

Increasing interest rates, a stronger dollar, and higher bond yields have conspired to weaken demand for gold in recent weeks, as lowered expectations for the yellow metal in 2017 have seen many investors look to reduce their exposure to gold.

However, with the uncertainty that caused gold’s bullish year in 2016 still a likely feature of next year and beyond, there is reason to believe that a rebound in precious metals is still possible.

View original source at: www.bloomberg.com

comments powered by Disqus