By Nigel Somerville | Sunday 5 December 2021
Gold had a steady week last week, closing at $1783 per oz, down a shade from $1792 the previous week. As bond yields have moved higher as the market anticipates the Fed’s taper and rising interest rates, it seems to me that Gold is trying to climb the “wall of worry” but as yet hasn’t had the impetus to clear the hurdle. We will have to wait a little longer.
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