| The volatile trading over the past two weeks claimed many victims, but perhaps the most surprising of which was gold. In theory, gold prices should rise in times of fear and uncertainty, as gold is long considered an unofficial barometer of economic health. And the current dynamics are chock full of fear and uncertainty.
Yet the traditional safe-haven asset was cut down last week, losing 2% of value since Aug. 24 and causing gold stocks and gold miners to tumble as well. The precious metals selloff couldn’t have come at a worse time. Prior to the recent series of red ink, gold prices skyrocketed nearly 7% for the month of August — on pace for the best monthly performance in years...............................................Full Article: Source
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