Last year was catastrophic for gold as it performed terribly and ended the year at around $1200, almost 28 per cent down.
However, in 2014 we saw a decent act from gold as it reached $1380 in March before falling back to $1240 and then,moving up to $1340.
Since then gold has been hovering around $1295, approximately 8 percent up. This highlights a good progress for gold but if we compare it to its life time high of $1900 (In September 2011), it’s still 32 per cent down from its peak.
Currently, gold looks weak.
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