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Why gold funds could be set for further gains

Posted on 29 August 2013

In previous three-month periods where gold has lost 24 per cent or more, it has rebounded by an average of 20.7 per cent in the next three months. Gold investors with a high conviction in the asset class were rewarded for their patience this week, following a resurgence in the price of the precious metal.
The commodity first fell sharply in April, when investors began to sell out of it to take advantage of the bull run in equities. The relatively benign level of inflation so far this year also lessened the attractiveness of gold as a hedge………………………………………..Full Article: Source


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VRS - who has written 34604 posts on Opalesque Commodities Briefing.


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