Gold prices are rallying the day before the Thanksgiving holiday, driven higher by the weakening U.S. dollar and tumbling equity prices. Stocks are attempting a recovery early on Wednesday after what was the worst beginning to Thanksgiving week in more than 40 years. Nonetheless, trade on gold was rather subdued this morning as investors held back, and analysts expect the yellow metal to remain somewhat range-bound, but only in the short term. Q3 hedge fund letters, conference, scoops etc Headwinds for gold prices Bank of America Merrill Lynch strategist Michael Widmer and team said in their recent “Metal Strategist” preview…
Almost “Maximum Bearishness” On Gold Now But Prepare For $1400/Oz: HSBC
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.