GOLD STARTS THE YEAR OFF STRONG—AND SOME SAY IT’S ABOUT TO GET EVEN BETTER FOR BULLION – CNBCThis Monday (27th Feb) saw gold rise to a three-month high of $1264.90 an ounce. This moderate increase has some economic strategists claiming we will see this particular precious metal increase in value even further in the not too distant future as investors move to this investment as a result of uncertainty within the political spectrum worldwide. With 2016 seeing Britain leave the EU, referred to as ‘Brexit,’ there is now fear with the upcoming French elections in April that we will see a ‘Frexit.
Yahoo Finance reported on Monday 27th February that
Historically gold rises when we see stocks take a downturn, but what is interesting right now is that both are rising simultaneously with gold up 10% YTD and the S&P500 up 6% at the same time. So from the rumbles that are coming out of Wall Street, it certainly seems like we need to keep an eye on gold over the coming weeks. The post GOLD STARTS THE YEAR OFF STRONG appeared first on Precious Metals Investment Guide. Original source here: GOLD STARTS THE YEAR OFF STRONG
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