LONDON, 6 November 2014 – Financial advisor site FE TrustNet today quotes BullionVault's head of research Adrian Ash on why the gold price has fallen to new 4-year lows in late 2014.
"The Fed has finally halted QE, and the US stock market is setting new all-time highs," Adrian says, so that money managers now see less need to hold gold as financial insurance.
But with leading UK fund managers warning that world stock markets are starting to look over-stretched, "Gold and the stock market have now been going in different directions for more than two years," Adrian adds, "the longest stretch since gold began its decade-long bull market during the tech stock crash of 2000-2003."
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