Signals that gold price strength could have more solid foundations: HSBC
By GCRU Gold News on Thursday, July 3 2014, 11:21 - Permalink
The fact gold is holding its own in the face of record-high equity markets could indicate underlying strength rather than just a short-covering rally, HSBC senior analyst Jim Steel said in a note.
"Gold gains are all the more impressive given the generally pessimistic tone in the market in recent weeks," he said.