“Gold appears to be continuing its sensitivity to the link between Fed intentions and the vulnerability of the dollar,” said Jonathan Citrin, founder and executive chairman of Citrin Group.
Adam Grimes, chief investment officer of Waverly Advisors, said gold futures could ultimately fall to the mid-$800 level, although such a decline is unlikely to be achieved in one selloff.
“We would expect to see a controlled, extended downtrend, which could take a year to play out,” said Grimes.
…..read the whole Marketwatch article HERE
