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Now is perhaps the right moment to reflect upon the gold market. The gold price recently dropped below $1,300 per troy ounce and currently stands at a little bit less than $1,280/oz. After a strong beginning of the year, gold prices have suffered from a setback in recent months. To such an extent that the year-to-date return on gold measured in euro´s has turned slightly negative (-1.1%). The euro, after all, strengthened against the dollar. In effect, gold investors have nothing to show for due to the correction in gold prices in the past few months.

Gold Prices Are Under Pressure

The 5-Year US Treasury Rate (Corrected for Inflation) and Gold Prices

Source: St Louis Fed

World Gold Council Argues That Dollar Rally Will Not Abide

Conclusion

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