May Be Gold’s Last Hope
""Although demand has been lackluster for gold, HSBC analysts say they expect it to strengthen if the metal’s price continues to fall. "In light of the recent bullion price decline, we have noticed a continued absence of Asian physical demand, which traditionally materializes on declining price," they noted in a research note Monday afternoon. "We believe demand may resurface should prices maybe begin to surface if gold drops below USD1,150/oz and increases if bullion falls closer to the psychological USD1,100/oz level," they added. However, they said that "until this buying surfaces," gold will remain weak in the near-term. The analysts did point out to two other factors that may provide relief for the metal; stabilization in the crude oil market as well as potential delays in rate hikes in the U.S. ""
www.kitco.com/news/2015-06-09/...Be-Gold-s-Last-Hope-HSBC.html
""Although demand has been lackluster for gold, HSBC analysts say they expect it to strengthen if the metal’s price continues to fall. "In light of the recent bullion price decline, we have noticed a continued absence of Asian physical demand, which traditionally materializes on declining price," they noted in a research note Monday afternoon. "We believe demand may resurface should prices maybe begin to surface if gold drops below USD1,150/oz and increases if bullion falls closer to the psychological USD1,100/oz level," they added. However, they said that "until this buying surfaces," gold will remain weak in the near-term. The analysts did point out to two other factors that may provide relief for the metal; stabilization in the crude oil market as well as potential delays in rate hikes in the U.S. ""
www.kitco.com/news/2015-06-09/...Be-Gold-s-Last-Hope-HSBC.html