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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Why gold prices are going down

Posted on 17 May 2013

Gold investors are just not feeling the love, once again left to wonder why gold prices are going down. The yellow metal dipped again Thursday, with gold for June delivery ending down $10 at $1,386.10 an ounce. It was the sixth consecutive trading day of declines and marked a four-week low for the metal.
With equity markets continuing to log record highs, and economic data showing some signs of improvement, safe haven gold looks nothing like its moniker. Fueling gold’s recent rout is not one thing; it’s a combination of things………………………………………..Full Article: Source


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VRS - who has written 37533 posts on Opalesque Commodities Briefing.


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