Precious metals have been the best performing asset class of the past 10 years. Gold hit $1,800 mark recently. Gold is up over 32% compared to April 2010 and 470% compared to April 2001. At $44.8 per ounce, silver is up 149% from April 2010 and an unbelievable 911% from April 2001. At today’s prices, many investors ask themselves if this precious metals rally is nearing its peak. As you will see, there are many reasons for it to last for some more time.
Entries Tagged as 'Investment Demand'
“Gold Hits Six-Month High”
· No Comments · Investing in Gold
Tweet The Daily Telegraph reports that “gold prices have reached their highest level since February on strong investment demand amid caution ahead of key US payrolls data”. The intra-day peak of $992.55 on Friday, September 4 was the highest since February 24, 2009. Analysts cited asset diversification by “jittery investors” and “shaky equities markets” as […]
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