Why Have Gold Prices Stopped Rising?

international gold
Written by Mike Hammer

Gold prices backed off on US markets Thursday.  Several possible underlying reasons, chief among them the Brexit struggle driving the Euro and British pound down and hence the US Dollar up in the comparison. So the fundamental relationship between the USD and gold prices in the US finally kicks in, gold dropped, and there you have it.

Apparently gold… Continue reading at ETFDailyNews.com

 

About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as continuing themes. Mike graduated with a business degree and spent years as a financial advisor, before moving to New York and to pursue a career in IT and education. For more than a decade Mike has been working with the Adam Mesh Trading Group as a stock market and commodities mentor. He’s trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to educational webinars.

Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keeps him in touch with "the student mindset".

Mike focuses on the precious metals markets, the energy industry, and the financial sector. His motto is "Plan your trade, then trade your plan!"

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