Loading ...Posted on 03 December 2014
Gold prices swung from $1,142 to $1,212 an ounce on Monday before settling around $1,200 yesterday. That was huge volatility in this normally stable asset. What does this mean? Is it a game changer for the precious metal? Silver’s $2 price recovery to $16.50 an ounce was even stronger than gold’s gain, at around 12 per cent. Could this be lift-off for a price explosion? Experts are struggling with those questions.
Gold is treated both as a ‘monetary asset’ and a ‘jewellery item’, which can complicate the price and drive volatility says Nitesh Shah, associate director at ETF Securities…
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