It’s been another painful week for the precious metal amid what’s been one tough year for gold bulls.
Gold futures ticked up Friday, following a two-day dip that left gold prices at levels not seen since early summer.
In mid-afternoon trading, gold for December delivery inched up 0.13%, or $1.60, to $1,240.90.
Gold prices in 2013 haven’t performed as well as the previous few years – but Washington continues to give us plenty of reasons to buy the yellow metal.
Gold prices seem to have stabilized today, trading once again above the $1,300 an ounce mark.
This follows a tumble yesterday of more than $40 an ounce to as low as $1,284 an ounce. That price was nearly a two-month low and put the precious metal down 23% in 2013.
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. The markets are very complicated at the moment,…
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. Part of the recent move up in gold…
Gold continues its short-term rally as assurances from Federal Reserve Chairman Ben Bernanke that QE3 remains alive kept the precious metal on track for its first weekly advance in a month.
Will gold prices rise in 2013, or will the bear market continue in the second half of the year?
The bears have certainly been loud this year, as short-term bets against gold paid off in the first half of 2013. Gold lost 27% in Q1, the worst first-half performance since 1981.
In mid-April, a black swan crash-landed on the gold market.
Over just two trading days, gold futures prices shed 13%, falling from $1,575 to $1,375.
That $200 cliff dive was the largest two-day drop in 33 years.
Gold prices already had been in steady consolidation mode for 18 months. But the magnitude and swiftness of this dramatic move were rare…to the point of suspicion.
How did markets react? Unlike almost anyone expected.
What caused such a landslide, and who may be behind it? More importantly, what are the implications for the precious metals markets moving forward?
The conclusions will surprise you — and help you invest more wisely.
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. It’s been a good few days for investors…
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. With the yellow metal down about 14% this…
