Gold Prices Could Touch $1,300/Oz. By Year-End: HSBC

Everyone was saying gold was dead just a few months ago, now AFTER the recent gold prices rise analysts are now turning more bullish. After tracking the previous four Fed tightening cycles, analysts at HSBC have determined that gold prices have rallied for at least 100 trading days after the first hike by the FOMC, and they think this time the rally could last longer. James Steel gives three reasons why the current rally in gold may be prolonged this time in his March 17 research note titled “Gold and the Fed.” Gold shines when Fed tightening cycles get underway Steel points out that…