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Commodities Briefing - Categorized | Bullion/Gold, Commentaries more

Gold has paused at a key hurdle

Posted on 24 February 2014

The yellow metal is gaining momentum, creating anxiety among gold bears. Gold closed at $1,324 an ounce on Friday, advancing 0.4 per cent for the week. With this, the metal has gained 10 per cent this year, trumping other asset classes such as equity. Among other precious metals, silver was up 1.3 per cent (at $21.79/ounce) and platinum gained marginally (at $1,429/ounce) last week.
Bullion prices were up despite indications from the US Fed’s January meeting minutes that they will continue to taper. The market chose to ignore weak economic readings as it saw them as a fallout of bad weather………………………………………..Full Article: Source


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