Commodity Update; Gold – 18 May 2015
Gold gains ground on economic uncertainty and global bond sell off
After spending much of April under pressure, spot gold has embarked upon a strong recovery so far throughout May.
The key drivers behind gold’s strength has been an increasing level of economic uncertainty as developed market consumers have largely failed to deliver the boost in spending that was anticipated in the aftermath of last year’s oil price collapse.
This has meant several consecutive months of disappointing consumption figures which have […]