GOLD PRICES in US Dollars rallied from a fresh 7-month low on Thursday morning in London, bouncing after their worst 1-week drop since May 2012 amid what one analyst called “a proper sell-off on the precious metal markets.”
Commentary: Good overview of the latest moves in the gold market. Gold would certainly drop if quantitative easing programs are scaled back or ended, but it wouldn’t necessarily mean a complete reversal…
While it defies conventional wisdom, price dips are great buying opportunities. Buy at a low price since odds are, gold will reclaim and surpass price levels it’s seen in the past 2 years.