Which US presidential candidate does gold prefer?
Gold loves chaos and should be hitting new highs, especially with inflation coming down and with it, two rate cuts likely before year’s end.
TD Securities Head of Commodity Strategy, Bart Melek Monday predicted “gold will trade materially above the $1,500/oz mark sometime in the second half of 2011.”
“Despite recent strength and record prices, TDS analysis points to more upside for gold into 2011,” Melek advised.
