Over the last year, gold markets have had a very difficult time in gaining bullish momentum.
There are a few different reasons for why this has occurred. Stock markets have rallied (garnering most of the market’s attention), and this has lifted sentiment at the expense of precious metals.
Additionally, we are likely to start seeing a rising interest rate environment and this is something that, historically, have done little to benefits assets that are tied to the value of gold and silver (this includes stock ETFs and commodity currencies, as well).
When we look at metals market from an historical perspective, positive trends start to emerge when stock prices are in decline,” said Tony Davis, metals sector analyst at Atlanta Gold and Coin. “This has helped gold prices stabilize over the last few weeks.”
