Another drop in weekly jobless claims is keeping gold prices weaker Wednesday morning, says George Gero, vice president and precious-metals strategist with RBC Capital Markets Global Futures. He adds that it is easy to be bearish on gold when U.S. equities continue to rally and gold prices, along with crude oil, continue to fall says. But, next year funds could find themselves under-invested in gold as the Fed wakes up to the fact that a strong U.S. dollar is hurting exports, Gero says.
