LONDON, 20 December 2012 - Leading US finance site MarketWatch today quotes exclusive comment from Ben Traynor, chief economist at the world-leading precious metals exchange online, BullionVault.
Today's stronger-than-forecast US growth figures "seems to have knocked gold and silver lower again and sent them through some key support levels," says Ben. Because they suggests that US interest rates will be raised sooner than expected.
But "together with a slowdown in export growth," he explains, "the details of today's report suggest that while there was a lot of spending...much of it was on things that are unlikely to foster sustained growth for the long run."
You can read the full story at MarketWatch here:
Gold, silver futures sink as fiscal talks stall
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