Gold News

Long-term Gold Prices likely unaffected by dollar 'bear-market rally'

The recent surge in US dollar prices is little more than a bear-market rally and presents a great opportunity to invest in commodities such as gold, it has been claimed.

Writing for Australian financial site The Bull, Adam Hamilton & Scott Wright suggested that similar rallies have periodically occurred throughout the dollar's long bear run.

This latest spike should not be taken as a sign that Gold Prices will decline further, with the precious metal's nine year bull-run likely to continue.

"A maturing dollar bear rally means the headwinds driven by this sharply-rising currency will likely soon be behind us," they said.

"This has already created fantastic buying opportunities in precious-metals stocks that are spreading into other commodities-stock sectors as well."

Puru Saxana, a Hong Kong-based wealth management specialist, has gone some way towards reinforcing a bullish view of Gold Bullion, estimating that a rally in prices is likely as mined supply continued to decline, investment demand rises and concern over paper currency refuses to dissipate.

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