| Gold prices continue to shock investors – especially those who unloaded their shares in the SPDR Gold Trust ETF during late December, when they were trading for as little as $115. On Monday, GLD climbed 1.11 percent to close at $128.99. The spot price of gold, which had fallen to $1,181.40 on New Year’s Eve, has since climbed 13.25 percent to $1,338 per ounce.
Gold prices had been expected to suffer from the tapering of the of the Federal Reserve’s bond-buying program. This makes it even more shocking that the first month of the taper would bring such a surge in gold prices...............................................Full Article: Source
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