‘Virtually No Correlation’ Between Interest Rates & Gold Prices: Commodities Confidential

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Kitco News speaks with CPM’s senior commodity analyst Rohit Savant about the company’s Gold Yearbook findings on this edition of “Commodities Confidential.” Savant expects 2014, especially the second half of the year, to bring an ‘uptick’ in gold price. “We have an annual average price of $1,330 but we expect that prices in general will be above levels we saw last year,” he adds. While some believe that higher interest rates are bad for gold, Savant thinks otherwise. “We really don’t see a correlation between real interest rates and gold prices,” he says. Tune in now to found out why and to hear why he thinks investors should be looking to hold more gold in 2014. Kitco News, March 28, 2014.

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