GOLD MARKET REVIEW OCTOBER 2011
After retreating through much of the last few weeks, Gold snapped its losses and ended the month 6.3% firmer.
Negative sentiment from the US caused equity markets to retreat at the start of the month. Investors turned to the precious metals as bargain hunters sought the safe have qualities of gold.
Gold prices recovered strongly from the $1600 level, and stayed on a firmer footing as markets sought direction from European leaders. Key speeches from Germany’s Anglea Merkal and France’s President Sarkozy signalled an increased… Continue reading