Improving Economic Outlook Pushes Gold Down to Six-Month Low

Reuters reported that gold approached a six-month low on Tuesday, as economic improvements were eroding gold’s safe-haven appeal.

As quoted in the market report:

The metal fell 0.5 percent as investors were drawn to riskier assets as the S&P 500 climbed to a five-year high with a string of recent merger activity suggesting stocks could offer even more value.

To view the whole Reuters report, click here. 

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Otis-Gold-LogoOtis Gold Corp. (TSXV:OOO) is a near-term producer with an NI 43-101 resource 520,000 ounces of drill-indicated gold at its Kilgore Project in Idaho. Work is scheduled to begin soon at the North Target area of the Kilgore Gold Project. Connect with Otis Gold Corp and never miss a catalyst.

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