RE:Even 30 days gold has lost ground. Spot a gold trend yet?
"as long as the threat of a raise rate increase remains gold will be continued pressure"
Yes Frankman gold will probably trade sideways till the end of this year only , but come December FOMC meeting when the fed does not raise rates AGAIN , yes DOES NOT raise rates using either GDP , weak inflation, Non farm payrolls , the boogey man etc the USD will start getting dumped nicely come next year which will help gold. All those institutions predicting 900$ gold I understand they have massive short positions to cover but that won't happen ever.
this is something the FED wants I am sure to boost US exports.