The Fed is likely to change their hawkish stance if dollar strength continues, said Gerald Celente, publisher of the Trends Journal.
Gold prices have taken a beating. But now may be a decent time to start shopping the space, says one industry expert.
Gold prices fell below $1,200 an ounce for the time in more than a year and half Monday as investors dumped the precious metal in favor of save haven assets paying higher yields amid the ongoing currency crisis in Turkey.
As the Turkish lira plunges, gold is preparing to see gains on the week, ending a four-week losing streak
Gold prices are down so far this year, but one expert expects a rebound if the dollar rally starts to fade.
Investment capital is flowing into gold stocks and Frank Holmes, CEO of U.S. Investors, said that this may be due to peak gold.
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