Is Gold’s Rally Over? Here Are Five Key Charts to Watch

(Bloomberg) — Gold’s slump this week is forcing investors to ask whether the haven asset is taking a breather or facing an even sharper decline.Unprecedented global stimulus, negative real rates and a weakening dollar pushed bullion to a record high above $2,075 an ounce in early August. While some banks, including Goldman Sachs Group Inc. and Bank of America Corp., forecast even higher prices, a resurgent dollar has seen gold give up some of its gains.Is this merely a temporary setback for the precious metal? Here are five charts that provide hints as to where gold goes next:Dollar DominanceThe key …read more

Source:: Yahoo Finance