Is Gold Finally Recovering?
In good news, the price of gold went up to $1,376.85. In bad news…well who knows if it will stay that way. With some analysts reassuring investors there’s no way that the price of gold will go under $1,000 an ounce, some analysts don’t buy it. It’s a rocky time to buy the precious metal as it’s proven that it can go up or down in a matter of days.
After yesterday when every gold stock, mining and ETFS lost money, today the majority of them posted positive numbers. Iamgold Corp. was up a whopping 12% while Eldorado Gold Corp. was up nearly 10%. ETFS were also up but not by that much. Physical Asian Gold was the only company that posted negative numbers as they were down 1.63%.
Source: http://www.goldalert.com/2013/05/is-gold-finally-recovering/
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