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

Gold price heading back up

Posted on 24 July 2013

Since gold touched its recent lows of $1,200/ounce at the end of June, the gold price has rallied over 10% to nearly $1,340/ounce. While the gold price is still a far cry from the levels seen in late 2012, it looks like some share market participants see value at current levels.
Given the inherent leverage most gold miners have to a higher gold price, and considering the significant declines this calendar year in share prices (many over 40%), it is perhaps not surprising that gold miners are starting to see some support………………………………………..Full Article: Source


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VRS - who has written 37561 posts on Opalesque Commodities Briefing.


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