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Why Are Gold Prices Falling Despite Fiscal Cliff Fears?

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  • Description

    RBC Capital Markets V.P. Global Futures George Gero on the outlook for gold.

  • Duration 3:53
  • Date

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This transcript is automatically generated

We're.

Just I was just looking at -- -- -- -- -- in the after market doubt about my dollar and twenty cents when there's great global feared he walks and see if you like to goal so why don't we not seeing gold skyrocket.

Now -- could it be at -- -- that this book with -- gets this battle soaring what's again.

With -- -- -- -- -- most likely prospective gold experts in the world George zero VP of precious metals strategist -- futures.

At RBC capital markets here at UC ME global financial leadership conference.

-- people are not fly into gold.

And yet they're scared why is that what's wrong with the yellow metal right now.

People are concerns.

And people are conserving cash and so they're not spending they're not buying but they also aren't really selling.

It's just not one of those days were golden selling more sharply it's just that it seems too far and a lack of ready -- right now.

All the jewelry industry's concern -- sandy do.

Are there concerned about India where the demand at this time of the year is usually great park there are high price of gold.

The weak rupee and economic problems everywhere have kept -- -- on the sidelines and that's what we're seeing here.

We're seeing buyers on the sidelines for now yeah.

'cause you don't you give us a little list of the three big fears that.

People simply don't happen money right now right and the acerbic disturbing -- because they're groups.

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