For Gold, "Tightening Isn't Frightening" Says HSBC
By GCRU Gold News on Wednesday, March 23 2016, 23:46 - Permalink
Gold has historically rallied for at least 100 trading days after the first hike by the FOMC, but as HSBC's Jim Steel explains, this time it could be longer. Steel sees three key reasons to remain bullish and forecasts USD1,300/oz this year (though warns that beyond that level, physical demand may weaken and help curb further rallies.)