Gold price 'uptrend is over', says ABN Amro
By GCRU Gold News on Wednesday, October 12 2016, 23:46 - Permalink
The gold price "uptrend is over", Dutch bank ABN Amro analyst Georgette Boele has said in a note to clients, reports BullionVault.
Mounting speculation that the US Federal Reserve will increase interest rates again before the end of the year is weighing on sentiment towards the metal and Boele says a host of technical indicators suggest its 2016 rally has run out of steam.