Carat fans brace for the tapering stick

A mass exit from gold-backed exchange traded funds in anticipation of US tapering has dulled the outlook for the regaled shiny metal.

The outlook for gold in the immediate doesn’t look shiny. Yields on the 10-year Treasury note are rising as taper talk once again has financial markets in its grip. Add to this a stable-to-strengthening US dollar and declining equity-risk premium, and the gold price is facing a battle.


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