Celente Says Fade The Decline In Gold, It’s Headed Back To $1,450
KingWorldNews.com
October 10, 2018
Today the top trends forecaster in the world told investors to fade the decline in gold because the gold price is headed back to $1,450.
Gold’s Down, But Not Out. Here’s Why
October 10 (King World News) – Gerald Celente: Gold’s down some 13 percent this year and on Monday dropped sharply for the same reason we have been long forecasting: The higher U.S interest rise, the lower gold goes.
It’s a simple equation. The higher rates increase, they boost the dollar and push up U.S. Treasury yields, making gold a less attractive investment since it does not bear interest. And with the benchmark 10-year U.S. Treasury note at 3.23 percent, its highest level in 7 years, more money is going into viable alternatives, such as risk-free Treasury bonds…
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