Posted by John Tera
on May 17, 2012 in Investment
| 0 comments
So we were correct: gold is back on the rise. Up from the 4-1/2 month low, the upturn has been driven by the dollar growing in strength and unease in regards to Greece’s potential departure from the Euro, both of which encouraged buying from investors.
While speculators insist it remains vulnerable to further drop, we say gold is on the rise.
At 2’Ocklock GMT, spot gold came off a low of £960.88 and up 0.3 percent at £974.76. This was following a sell off orientated around a broad-based financial market, which in turn occurred in response to concerns over...