Gold Breaks Down

Gold has traditionally been the all-purpose investing hedge. The yellow metal had stabilized at around $1,300 for several days. Lately, however, it’s broken down.

What’s going on? On one hand, modest inflation appears to be picking up. But only by a small amount. Also, world tensions appear to be cooling down. At least, for now.

Last June, gold dropped to an intra-day low of $1,179.40 per ounce. It’s currently at $1,242.90

Posted by Eddy Elfenbein on June 2nd, 2014 at 3:27 pm

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