Gold Remains Relatively Cheap, Here’s Why ...Middle East

It's increasingly looking like gold bulls will not be taking back this market any time soon. After a bright start that saw gold prices touch all-time highs amid the Ukraine crisis and a commodity supercycle, gold prices have pulled back sharply over the past four months. Over the past 30 days, gold prices have slipped 7% to trade at $1,720 per ounce in Wednesday's intraday session, with rising interest rates reducing the appeal of non-yielding gold. Even a weakening dollar and a slightly less hawkish Fed have not helped ease selling pressure on…

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