With late this year many economic analysis's are predicting a return to positive growth numbers in the U.S economy and many Gold investors are wondering where this leaves the gold price.
Firstly it is not for sure that the U.S economic numbers late this year will be in good shape, at present it is just pure speculation. If the growth in the U.S economy is nothing more than the injection of Q.E 2 helping push some rosy numbers through the statistical grinder this growth will be short lived. One thing that it may do is help the U.S dollar gain some strength against the other main currencies such as the Yen and the Euro. The interesting thing will be wether the Gold price will stay inverse to the movements of the dollar or will recouple and move forward inline with the rise of the dollar.
Let take the wait and see attitude but for long term investors I think that the gold price outlook is still bullish for sometime yet.
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