Full Article: SWOT Analysis: How Will Gold React to the Next Rate Hike?
By: Frank Holmes
- The best performing precious metal for the week was gold, down 2.43 percent, but still leading its precious metals peers. Gold imports by India are said to have risen nearly three-fold in February from a year earlier, reports Bloomberg, jumping 175 percent. Jewelers are restocking for the upcoming festival and wedding period that starts next month.
- The U.S. saw its largest trade deficit since March of 2012, reports Bloomberg, as a jump in merchandise imports in January exceeded a smaller gain in shipments overseas. “The wider deficit indicates trade, which subtracted 1.7 percent from fourth-quarter growth, will weigh on the economy in early 2017,” the article continues. A stronger dollar has made export
Full Article: SWOT Analysis: How Will Gold React to the Next Rate Hike?
By: Frank Holmes
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