Gold Heads Higher After Week Long Sell-off

The price of gold per ounce headed higher today after a week long drop in price from it’s high of just over $1000. Gold came out of the weekend under $900 but has since climbed back over the mark and is inching ever so slightly back towards that high.

While the stock market continues to show high volatility and interest rates continue downward, the price of gold hasn’t seen a drastic sell-off as some analysts are saying. We’ve heard the price is too high, there isn’t enough demand and gold isn’t a safe haven for a weak currency or market anymore.

Well, we’re not sure if those words of wisdom are true but we do know that the price of gold continues to increase and the next time it’s down below $900 might be a good time to buy, even if the market does rebound. But we’ll wait to see if it ever gets a chance to get back below that price point?








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