Connect with us
Gold gained again today as it rose more than 1 percent to hit a two-week high. Weakness in equities aided demand for the precious metal as a safe-haven asset.

archive

Gold Rises to Two-Week High as Equities Soften

Gold gained again today as it rose more than 1 percent to hit a two-week high. Weakness in equities aided demand for the precious metal as a safe-haven asset.

Gold Rises to Two-Week High as Equities Soften (Reuters)

Gold gained again today as it rose more than 1 percent to hit a two-week high. Weakness in equities aided demand for the precious metal as a safe-haven asset. Gold, showing its best weekly performance since October, also was supported by strong physical demand from China, the world’s biggest bullion consumer. The gains come after gold lost nearly 30 percent in 2013, ending a 12-year bull run and posting its largest annual loss in 32 years, mainly due to the U.S. Federal Reserve‘s plans to taper its monetary stimulus program.

Written By

Paul Dykewicz is the editorial director of the Financial Publications Group at Eagle Publishing Inc., www.eaglepub.com, of Washington, D.C. Eagle publishes five free, e-letters, 10 weekly trading services and five monthly investment newsletters, Forecasts & Strategies, Successful Investing, Cash Machine, Growth & Dividend Report and The Alpha Investor Letter. He also is the editor of Eagle Daily Investor and the author of the inspirational book, "Holy Smokes! Golden Guidance from Notre Dame's Championship Chaplain."

Advertisement
Advertisement

TRENDING NOW:

Connect