Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199


Search Gold Prices
Gold Price
[Most Recent Quotes from]
Our RSS Feed

Gold Updates by Mail

Enter your email address:

Follow Us on Twitter
« The Broken State and How to Fix It | Main | Gold Stocks: Time to Buy or Will They Get Worse? »

Gold's Price Drop? Two Words: King Dollar – iiTrader Comments

Gold prices fall below the key $1,200 level on the back on a strengthening US dollar and better-than-expected jobs report as markets anticipate the upcoming FOMC meeting; iiTRADER's Bill Baruch joins Kitco News' Daniela Cambone to help make sense of it all on today's edition of "On The Spot". According to Baruch, we're seeing a combination of factors pressuring the gold market, stemming from the fact that gold is priced in US dollars, and while other central banks in Europe are just beginning to initiate quantitative easing, the US is beginning to "ease its foot off the easing peddle," resulting in the U.S. dollar reaching its highest levels since June 2010.

Furthermore, Baruch states that even if you don't buy into the strengthening dollar, you should look to US trade partners during this market action. Baruch also discusses the revised, stronger-than-expected jobs report that is weighing on gold, the possible support for gold that may come from the upcoming Indian holiday, and looks ahead to this month's FOMC meeting, when all eyes will be on Fed Chair Janet Yellen.

Tune in to hear Baruch's interpretation of the recent carnage in the gold market and learn what factors he believes will impact gold prices in the coming weeks. Kitco News, October 3, 2014

Please click here.


Should we be long or shirt at this juncture - thats the question?

If you would like to know which stocks we are buying and/or shorting please join us atStock Trader our premium investment service.


Winners of the GoldDrivers Stock Picking Competition 2007

Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

Please remember to check your spam folder once you have subscribed to ensure that our verification email has not gone astray and you are getting our emails.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>