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Gold below $5,000 amid heavy trading
The safe-haven asset falls below the psychological threshold of $5,000, down 1.1% over the week. Silver is also lower, dropping 12.8% compared with last Friday.
[Source:Bullion Vault]
Gold back above $5,000
The ultimate safe-haven asset is rising again, having already rebounded after the heavy losses suffered in recent days due to a large wave of selling. A rebound widely anticipated by analysts, as the high prices of recent weeks had prevented a large number of investors from accessing the market.
Gold and silver pull back: -7% for the safe haven, white metal down 10%
After the record-breaking rally in precious metals, an excellent entry opportunity is opening up for investors. Markets are regaining ground thanks to the appointment of Kevin Worsh as Governor of the U.S. Central Bank (Fed), which eases fears of an overly accommodative successor on interest rate policy.
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