Kitco - Gold Analysts Ask: Do You Want The Good News Or the Bad News?

June 30, 2017 1:55PM CDT

Phillip Streible, senior market analyst at RJO Futures, said that he sees potential for lower prices in the near-term as central bank rhetoric weighs on gold. He added that the shortened trading week could promote investors to continue to quietly liquidate their positions.

“With growing optimism in the global economy, there seems to be little reason to own gold as a safe-haven,” he said. “People are shifting their focus to rising bond yields and that will hurt gold.”

 

To read the rest of the article with Phillip's comments, click here.

RJO Futures | 222 South Riverside Plaza, Suite 1200 | Chicago, Illinois 60606 | United States
800.441.1616 | 312.373.5478

This material has been prepared by a sales or trading employee or agent of RJO Futures and is, or is in the nature of, a solicitation. This material is not a research report prepared by RJO Futures Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions.