Fed tests gold upleg
Gold’s outlook and fundamentals remain really bullish.
Gold slid more than 1 percent on Thursday to post its biggest one-day decline in a month as the yellow metal was sold along with other commodities.
“With the discussions in the market about lower commodity prices if China’s slowing. And we’ve also had an outright decline in crude oil as well as base metals. I think that has sapped some of the vigor from the bullion market,” said HSBC metals analyst James Steel in New York.
