Sign up Australia
Proactive Investors - Run By Investors For Investors

Yellen's dovish tone leads gold buyers back into market, reckons Ford

Mining Capital's Alastair Ford mulls over the behaviour of the gold price recently in the light of the Fed's small US interest rate rise.
Normally, theoretically, it would be expected that a rate rise would mean lower gold prices, but the increase had been very well trailed in the market, notes Ford.
"So I think any selling  was that likely to happen was already in the market," said Ford, adding that Yellen's commentary was slightly more dovish than many commentators had expected.
"This led the gold buyers back into the market somewhat. They were expecting perhaps a slightly more aggressive programme of interest rate rises," he told Proactive's  Andrew Scott.

 
Meet High Peak Royalties Ltd, Yandal Resources, MMJ PhytoTech Ltd, Minotaur Exploration Ltd and Hydroponics Company Ltd at our event, Sydney , 22 October 2018. Register here »
View full SHG profile View Profile

Shanta Gold Limited Timeline

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use