Gold fell as the dollar held near the highest level in five years and investors reduced holdings in the largest exchange-traded product backed by the metal, curbing demand for a store of value. Silver rose.
As natural resources bounced all over the charts in 2014, particularly gold, readers turned to the experts interviewed by The Gold Report for insights on what was driving these ups and downs and how they could protect themselves or, better yet, benefit from the volatility. Check out some of the most popular experts featured during the year and some thoughts you might want to consider as you prepare for 2015.
Gold advanced the most in more than two weeks amid speculation that China, the world’s biggest consumer, will take more measures to bolster the economy, boosting demand for the precious metal as a store of value.
Andrew Kaip, managing director of mining equity research at BMO Capital Markets, says the stark reality is that the precious metals sector is only part way through a down cycle and that structural issues will result in a fresh phase of consolidation.
The performance of gold obviously depends on the U.S. economic condition and the Fed’s future actions. In the short run, the end of QE3 will most likely not change anything and gold will most likely decline on a dollar rally.