Gold's post-Fed selloff may be missing the bigger picture, says former Lehman analyst

Gold prices tumbled after Federal Reserve Chairman Kevin Warsh delivered a hawkish debut that investors interpreted as less supportive for bullion. One strategist, however, argued the longer-term outlook for gold remains intact, suggesting the pullback may be more sentiment-driven than fundamental.

Analysis

Gold prices tumbled after Federal Reserve Chairman Kevin Warsh delivered a hawkish debut that investors interpreted as less supportive for bullion. One strategist, however, argued the longer-term outlook for gold remains intact, suggesting the pullback may be more sentiment-driven than fundamental.