Last year investors sent bullion tumbling by the most in three decades which they kept dumping the metal recently. But gold has once again become a valuable commodity. Demand for gold is increasing and prices are defying bearish forecasts.
Gold has proved that the bearish sentiment in the market was indeed just a thought and gold’s performance this year has proved it.
US economy is on the path of recovery and it is clearly visible from the recent government data that was released. Prices are speculated to retreat by the end of the year and inflation concerns along with pockets of unrest are sending investors into gold as a safe haven.
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