Monday, July 8, 2013

Has the price of gold hit bottom? - The Week

The Week:

G
old has had a terrible year, its price dropping 25 percent in the last quarter alone. "You're cheap," says John Waggoner at USA Today. Really, really cheap. Like, "when someone asks you for three cheers, you only give two."
But is it cheap enough to buy yet? The short answer: That's a really tough question.
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"The second half of the year usually sees gains in physical demand for wedding seasons and religious festivals in Asia, including India and China, the biggest buyers," says Bloomberg's Nicholas Larkin.
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Full article