The key factor that underpins the bearish view for gold is very much the Fed rate hike expectation and that possibility is not off the table. Barnabas Gan More Quotes by Barnabas Gan More Quotes From Barnabas Gan Chinese growth of 6.8 percent in Q1 is higher than its target of 6.5 percent for the year. The supportive growth environment in China is one key reason for a supported oil demand story in general. Barnabas Gan business The world's economic condition doesn't seem to give the Fed reason to hike rates soon given the growth risks. Barnabas Gan company-news The story's simple yet powerful enough to inject a bearish trend for gold. Barnabas Gan company-news If indicators show the U.S. economy is improving very strongly, it does give a cue that gold may breach the $1,000 support. Barnabas Gan company-news
