Is the Gold and Precious Metals Turnaround On?
Is the gold and precious metals turnaround on? As global markets plunge, bullish momentum is driving up the price of gold and investors are standing up to take notice. The Dow Jones plunged by as much as 531 points on Friday 21 August – a massive drop that had investors scrambling to cash out before taking on further losses. The decline marks the biggest drop in 4 years, but it wasn’t the only index that was down. All around the world major bourses slid as news spread of weak growth and slack demand in China. Whenever an evaluation of the gold market is undertaken it is especially important to consider the state of equities markets. Why is gold and precious … Read more