Gold slipped for a second straight week as rising oil prices and a firmer US dollar shifted the mood from fear to caution. In the report below, we cover what is driving the pullback, why rate expectations have become a bigger headwind, and why many analysts still see this dip as a potential opportunity given the longer-term forces supporting gold.

“If you catch 100 red fire ants as well as 100 large black ants, and put them in a jar, at first, nothing will happen. However, if you violently shake the jar and dump them back on the ground the ants will fight until they eventually kill each other. The thing is, the red ants think the black ants are the enemy and vice versa, when in reality, the real enemy is the person who shook the jar.