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MarketWatch: The Big Influence on Gold Right Now

LONDON, 16 November 2012 - MarketWatch, the online financial news service from the Dow Jones family of companies, today features comment from world-leading gold and silver service BullionVault in its latest precious metals update.

"I'd say the biggest influence on the gold price right now is the ongoing uncertainty over the so-called fiscal cliff," the New York-based site quotes Ben Traynor, chief economist at BullionVault in London.

"Unlike summer 2011, when the debt ceiling shenanigans propelled gold toward a new record, this time around we're seeing strength in the dollar, which is weighing on gold," says Ben, quoted alongside strategists from bullion market-maker HSBC as well as analysts from Thomson-Reuters GFMS, the global leaders in metals market data.

You can read Ben's full comments at MarketWatch here...


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Source: 
MarketWatch