LONDON, 6 July 2017 – Adrian Ash, director of research at BullionVault, was interviewed today by leading Indian financial news-site Money Control's broadcast channel, CNBC TV-18.
Asked why gold prices have sold off from $1290 per ounce to $1220 since late June, Adrian said gold and the other precious metals "tend to move in opposition to interest rates.
"In the last week we've seen the sharpest rise in US Treasury bond yields since Donald Trump won the presidential election in November."
But "at BullionVault," said Adrian, "we're seeing strong support come in from private investors, retail investors are very happy to buy at these lower levels, particularly Eurozone customers."
You can watch the interview here:
Source:
Money Control
