The Price of Gold Has Bottomed and We Now Expect a Strong Rally
July 09, 2018 at 11:45 AM EDT
Gold's strong negative sentiment may have finally run its course. Going back to early April, the price of gold has lost a total of $110. The relentless selling pressure lasted close to three months. A counter-cyclical rally in the U.S. dollar, leading to a rise in the U.S. 10-year Treasury, attracted safe-haven money to cash over gold. But now that drop appears to be over. And that means a strong rally in gold prices is imminent... Tags: Gold Prices To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2018 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post The Price of Gold Has Bottomed and We Now Expect a Strong Rally appeared first on Money Morning - We Make Investing Profitable .