Categories: General Market Commentary / Precious Metals
Topics: General Market Commentary / General Precious Metals

Where Is Gold Headed? Focus on These 2 Factors Says Rick Rule

Where Is Gold Headed? Focus on These 2 Factors Says Rick Rule

The price of gold in 2017 will be ruled by two things: 10-year U.S. yields and the U.S. dollar. At least that’s what famed investor Rick Rule thinks. Giving his 2017 outlook, Rule tells Kitco News he expects these factors to weigh on the yellow metal at least for the first quarter of next year. ‘I think the chief competitor that gold has is the 10-year treasury, I think that’s the world’s benchmark instrument where people go to in times of stress,’ the Sprott U.S. ..

To see video please click link http://www.kitco.com/news/video/show/Gold--Silver-Outlook-2017/1459/2016-12-27/Where-Is-Gold-Headed-Focus-on-These-2-Factors-Says-Rick-Rule