For the second straight day, Gold has repeated last week’s pattern of defying its own customary summer trading doldrums. After a precipitous sell-off that knocked the yellow metal down to $1,298, it closed Thursday at $1,320 per ounce, up $19.00 from the previous day’s close. Additional sanctions on Russia, coupled with Israel’s just announced invasion of Gaza, have led investors to turn to gold as a safe haven. An out-of-control Dow at high prices has proved a spinning merry-go-round, much too difficult to mount for the unsure investor now looking for stability and safety.
Published in Gold Investing
Wednesday, 09 July 2014

Gold Steady on Demand for Bullion

Gold traded mostly sideways this week, with early trading Wednesday pushing prices higher by $6.10 to $1,325.10. Silver was up $0.11 to $21.12, and platinum and palladium are also trading higher.

Published in Gold Investing