Investors go out of Gold

04.10.2017 / 01:26

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Gold investors are growing immune to the war of words between Donald Trump and Kim Jong Un.

On Monday, a day after Trump said Secretary of State Rex Tillerson was “wasting his time trying to negotiate” with North Korea over its nuclear arsenal, holders of the SPDR Gold Shares exchange-traded fund pulled the most money in more than two months.

JPMorgan Chase & Co. analysts recommendedstaying short on December gold futures.

The prospects of higher rates has dented the appeal of non-interest-bearing bullion, which is often seen as a haven in times of economic and political turmoil.

Source: Bloomberg Pro Terminal

Junior Trader Stefan Panteleev

Varchev Traders

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Investors go out of Gold

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