Fri, Sep 19, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold plunges to the lowest in six months but you still cannot buy

Posted on 18 February 2013

Gold is now the cheapest in six months. After steadily advancing almost the whole of last year, gold has suddenly halted in its tracks. At below $1,600 an ounce on Friday, prices are down almost 3% in February. The fifth straight monthly drop is gold’s worst run since 1997.
Gold peaked to $1,921 in September 2011. If you have been following gold’s progress (and in India, who doesn’t), this unexpected change raises two questions. One, since jittery investors seeking risk-free assets love gold, do falling gold prices mean a rising world economy? Two, is it a good time to buy? The short answer to both is no………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37015 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
September 2014
S M T W T F S
« Aug    
 123456
78910111213
14151617181920
21222324252627
282930