| The rally in the gold price gathered steam on Monday, after data out late on Friday showed hedge funds increasing their bullish bets by over 30%. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery hit $1,339.20, up more than $15.00 from Friday's close and the highest since October 31.
Gold is up 11.7% in 2014 and after a dismal 2013 when the metal had the worst price performance in 32 years, the gains year to date have seen large bullion investors playing catch-up...............................................Full Article: Source
|