postheadericon This Week in Gold: Sideways trading continues

This Week in Gold: Sideways trading continues

Gold kicked off the week with a two-day rally, making its biggest one-day gain in three months on Monday and hitting a three-week high of $1,214.91/oz. on Tuesday, but fell sharply after Wednesday’s conclusion of the Federal Reserve’s monetary policy meeting. It finished the week at the discounted price of $1,178.90/oz. Despite recent weakness in housing, Read More
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BofA Merrill Lynch: Gold “could rise to $1,500/oz by 2017″

“The Wall Street Bull” by herval via Flickr, used under a Creative Commons license Bank of America Merrill Lynch (BofAML) analysts believe the worst may be over for gold. According to a recent report, they see gold reaching $1,500/oz. by 2017. At the same time, a global BofAML survey revealed concerns of overvaluation in the equity and bond Read More
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