CliveH Posted August 27, 2013 Share Posted August 27, 2013 Gold breaks $1,400 to re-enter bull market territory 27 Aug 2013 | 14:47 Anna Fedorova Categories: Commodities Topics: Gold | Etf securities | Federal reserve | Qe | Us | Middle east Gold has climbed above the $1,400 mark for the first time since June, re-entering a bull market as disappointing US data and worries over Syria push investors into safe havens. The price of the precious metal has risen more than 20% since its $1,180 intraday low on 28 June to trade at $1,417. A 20% rise or more in an asset price is the generally accepted definition of a bull market. The precious metal's surge comes despite the Federal Reserve's suggestion it will go ahead with QE tapering as planned, as recent US data has come in below expectations. ....................................... Nothing like a weak economy and the prospect of another conflict to boost gold prices again! :-S Link to comment Share on other sites More sharing options...
Guest peter Posted August 27, 2013 Share Posted August 27, 2013 That's god news Clive. Now I can sell mine. I missed the boat the last time. Link to comment Share on other sites More sharing options...
CliveH Posted August 27, 2013 Author Share Posted August 27, 2013 I would hang on a bit longer - Obama has a real issue within the US economy brewing - and a new conflict to look "forward to" is hardly welcome news as it will depress the fragile recovery in the markets. - but it will be good for those who hold Gold - but only if you sell at the right time!! 8-) Which is not easy. Link to comment Share on other sites More sharing options...
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