Otmane El Rhazi from
The Bullion Desk.
- Gold remains on a knife edge while further slumps in oil prices and the prospect of higher US interest rates weigh against an otherwise improving backdrop.
- On the upside, poor industrial production numbers out of China this morning at 7.2 percent -below the forecast 7.6 percent and down on the previous reading of 7.7 percent – will only add to the prospect of further Chinese stimulus measures from Beijing to
- Confidence in gold as a source of safe-haven investment has improved on weak oil prices, which are exacerbating concerns over world economic growth.
- next week sees the final FOMC meeting of the year, which poses a high degree of risk to the gold market. Expectations are that the phrasing in its statement may change because slack in the labour market appears to be easing, although inflation remains wea
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