Aussie Dollar Weakness A Dangerous Sign For Gold

The commodities front remains mixed as the U.S. dollar’s recent rally has put downward pressures on many resource prices. Furthermore, the ongoing bull run on Wall Street has prompted many investors waiting on the sidelines to jump into equities in lieu of chasing paltry yields in the bond market or lackluster returns in the commodities space [for more market news and analysis subscribe to our free newsletter ]. Surprisingly, gold has managed to keep afloat in recent weeks amid the stock market euphoria, which is a commendable feat given the extreme selling pressures it saw earlier in April. The outlook for the yellow metal remains mixed, however, as technical patterns and currency market trends are hinting at another round of selling in the near future. See the full story here → Related Posts: Peter Schiff: Gold Is At A Steep Discount Precious Metals Look Golden For Market Bears Can GLD’s Rebound Weather FOMC Minutes? 2013 Commodity Trades You Wish You Made Roubini: Commodity Weakness Signals Global Economic Weakness