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Cash controls, imports curbs: The perfect storm that's sinking gold

stronger dollar, spiking bond yields and rising optimism over the outlook for financial markets has hobbled gold

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Gold

Reuters 

Gold prices have now erased 10 months of gains after posting their biggest monthly drop in more than three years, with Donald Trump's election to the U.S. presidency only exacerbating a cocktail of negatives for the metal. A stronger dollar, spiking bond yields and rising optimism over the outlook for financial markets has hobbled gold, while the traditional saviours of a falling market, Indian and Chinese gold buyers, are hamstrung by cash controls and import curbs. U.S. HEADLINE INTEREST RATES Traders are betting that interest rates will rise for only the second time in ...

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First Published: Tue, December 06 2016. 11:23 IST
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