16.07.2015 - Reversal of Fortune for Gold & Silver Funds?
Gold started off 2015 with a bang as it became even more of a safe haven as a result of an increase in currency volatility, uncertainly over Greece's future in the euro zone and expected quantitative easing in Europe. However, the gains fizzled out as gold prices again dropped on strong U.S jobs. Following which, gold prices fell to new six-week lows as equities recovered on hopes that Greece would work out a deal with its creditors. The demand for yellow metal returned at the start of the second quarter on disappointing economic data and a firming dollar. A weaker dollar and geopolitical tensions emanating from the Saudi Arabia-led coalition's attack on Houthi rebels helped gold move up...............................................Full Article: Source
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