PRECIOUS – Gold falls, down for quarter as safe-haven bid fades

Market update for Friday, March 29th. Most markets closed today for Good Friday and the Easter weekend – coincidentally, it’s also the final business day of the 1st quarter of 2013, which didn’t end so well for gold priced in U.S. dollars. Overall, gold slid 5% in the first quarter on encouraging economic news and a stronger dollar. March was perhaps the best month for gold, which gained 1% for the month. Priced in Euros, gold gained over 3% in March on heels of the banking crisis in Cyprus. Read more…