from Gold Silver Worlds:
In his weekly market review, Frank Holmes of the USFunds.com nicely summarizes for gold investors this week’s strengths, weaknesses, opportunities and threats in the gold market. The price of the yellow metal went lower after two consecutive weeks of gains. Gold closed the week at $1,326.44, up $2.16 per ounce (0.16%). The NYSE Arca Gold Miners Index fell 2.62% on the week. This was the gold investors review of past week.
Gold Market Strengths
Gold is heading for a second month of gains, the longest such run since August. Bullion has gained more than 10% this year, rebounding from the biggest annual decline in more than three decades, even as the U.S. Federal Reserve announced a reduction in asset purchases at its past two meetings.
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