LONDON, 26 February 2014 – Comment from BullionVault features in today's online update on the gold market from the Wall Street Journal, New York's financial paper of record.
"Fears that Ukraine may suffer a sovereign debt default," says the Journal, "have lent gold prices support in recent weeks."
But gold has "also [been] getting a boost" from lower interest rates on US government bonds, it quotes Adrian Ash, head of research with the online gold and silver exchange.
After both gold and US bonds retreated in 2013, "[They] priced in an awful lot of good economic news last year," Adrian adds, predicting that consistently stronger data will be needed to justify their 2013 sell off in 2014.
WSJ subscribers can access the report here:
Source:
Wall Street Journal
