Wednesday, 25 June 2014

Gold Up Sharply on Physical Demand

Gold hit prices it hasn't seen since April, on a combination of factors that include Iraq and concerns over stock market valuations both in the US and the European Union. Gold is up again in mid-week trading, moving higher by $3.68 to $1,321.78, and silver was higher by $0.15 to $21.05.

The boost in gold prices, combined with softness in equities, dropped the Dow/Gold Ratio to 12.74, nearly a full point in just a week! Silver had a blowout week, with the Silver/Gold ratio dipping to 62.7.

Published in Gold Investing