Daniel Vaught
Daniel Vaught
buying playing role
Most of this is new buying for the exchange-traded fund. That is playing a role in strengthening the market.
confidence dollar hot lack money seeking
There's a lack of confidence in the dollar at this point, so a lot of the hot money is seeking the metals.
comments continued driving iran oil prices
Oil prices and continued inflammatory comments from Iran are driving gold.
certainly chinese concerns demand diminish gives including interest kinds metals might pattern raises raising undertake
It certainly gives the idea that the Chinese might diminish demand for all kinds of goods, including the metals and energy. This raises concerns the Chinese might undertake a pattern of raising interest rates.
amount capital general gold increasing market seeing
We're seeing an increasing amount of capital in the commodities market in general and gold in particular.