Loading ...Before gold investors get too euphoric though, it should be remembered that gold started last year really well too, with a similar surge, which took the then price up to around $1,296 by January 22nd – after opening the year at around the $1,170-1,180 mark (a rise of around 10% in only three weeks). This year gold has risen so far by around 11% over five weeks – so a similar kind of increase. Has the speed of the price increase been overdone? Time will tell, and gold can be a somewhat fickle investment class, although long term it has tended to hold its value well.
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