RBC: Gold in Fair-Value Territory

posted in: Charts, Gold, Gold Stocks | 0

The latest commodities report from RBC states that gold is in fair-value territory primarily due to the fact that bearish sentiment has jumped in the past few weeks:



The final sentence is also telling:

“With all eyes on the Fed, gold will continue to take its cue from ‘Yellen and Co.'”

Is gold really back to being a ping-pong ball for investor sentiment on the future course of Federal Reserve Monetary Policy?