Monthly Precious Metals Report
(Mar 2017)Source: ScotiaMocatta
Gold's rally extended to $1,263.90/oz in February, but prices have since
corrected in anticipation of a US interest rate rise in March.
- Expectation of a March rate rise suddenly accelerated in late
February as more FOMC members started to talk hawkishly.
- Generally, Gold prices have managed to climb despite strong
headwind from record high equities and a strong dollar