What’s Next For Gold?

Gold rallied in excess of $300 from the bottom to the recent, post-Brexit top. Now what? That is a good question. First let us look at the conventional wisdom as to why the gold price has been behaving the way it has. The main impetus for the surge in gold prices this year is the expectation that more central banks will be moving towards negative interest rates. Some commercial banks have already imposed negative interest rates on deposits,