The Conversation (0)
Mar. 01, 2010 03:44PM PST
The factors limiting gold have a lot to do with fear of another financial crisis bringing us back into the doldrums of 2008. And isn’t gold supposed to be a safe haven investors turn to in unstable times like these? A number of factors, real or imagined, combined to move the gold price down to …
The factors limiting gold have a lot to do with fear of another financial crisis bringing us back into the doldrums of 2008. And isn’t gold supposed to be a safe haven investors turn to in unstable times like these?
A number of factors, real or imagined, combined to move the gold price down to touch a two-week low at $1087.70 an ounce early Thursday and then back up to nearly the $1110 level in a matter of hours.
Movements in the gold market are becoming less and less predictable as the “Great Recession” continues to alter how we look at global economics, currency markets and attitudes toward risk. The traditional thought no longer seems to apply in many aspects of our current situation.