TSX:LSG.DB - Post by User
Comment by
jimylegson Jun 05, 2015 9:48am
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Post# 23800222
RE:Any idea on why the POG is still dropping?
RE:Any idea on why the POG is still dropping?
strong employment numbers hint at higher rates sooner than later. Higher rates strengthen the USD which is negative for gold. A surprise (to some) rate hike this month will really make things interesting and it probably should happen. Higher rates are also imposed to nip inflation and gold is thought of as a hedge against inflation so there's not much reason to buy it here.