daytrading april 16 pre-market, page-12

Year to the day of $200 shocker, another strange gold price plunge

Frik Els | April 15, 2014
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Year to the day of $200 shocker, another strange gold price plunge A one-two-three punch


The price of gold has been rising steadily thanks to safe-haven buying in response to geopolitical crisis and continued support from loose US monetary policy to reach a more than three-week high on Monday.

On Tuesday the Ukrainian crisis threatens to spin out of control with both sides sending troops into the restive east.

And new numbers in the US show a higher than expected rise in inflation, another positive for gold and its status as a hedge against inflation.

But the gold price does not react as expected. Not at all.



http://www.mining.com/year-to-the-day-of-200-shocker-another-strange-gold-price-plunge-64597/