by Frik Els, Mining.com:
Gold on Tuesday took a breather after a strong start to the year with futures contracts in New York Mercantile retreating slightly to change hands for $1,232 an ounce, down just over $2 from Tuesday’s close.
Gold is still trading at its highest since October 22 after jumping more than 4% so far this year. Gold hit a near four-year low of $1,143 early November.
Marc Faber, economist, investment guru and Wall Street stalwart, came out on Tuesday as the year’s biggest gold bull, saying all asset classes except precious metals are overpriced and predicting a sharp move higher for the metal:
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