Gold Investments Market Update - Massive Government Bailouts and Stimulus Packages to Be Confronted by Hostile Bond Markets? |
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Gold rose 2.1% last week and is up another 2% in Asian and early European trading. Consolidation between $700/oz and $760/oz continues but the path of least resistance for the gold market is to the upside, especially as market and economic conditions look set to worsen in the coming weeks resulting in more safe haven demand. Gold was one of the few asset classes or indices to rise last week and its performance was impressive in the light of the dollar being essentially flat for the week and the
Filed under: Fundamental
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