Here's Why Gold Will Keep Going Up
Gold has been skyrocketing in value lately. The question, of course, is… when it will stop? Or, drop? Or, will it?
Today Bespoke Investment Group offers some additional insight into the factors that have been accelerating gold’s increase in value. Particularly when compared to other commodities, such as oil, gold is outperforming.
The explanation offered is that gold’s upward trend is being driven largely by the continued weakening of the dollar. This makes sense in light of its performance relative to other hard money commodities such as silver and platinum which are also trading higher. Copper, on the other hand, has been losing value over the same time period.
Bespoke Investment Group offers a review of additional commodities, including charts, as part of its Think BIG blog commodity snapshot.