| 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
|