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How much has gold appreciated so far this year?
*Reuters, by Atul Prakash, September 25, 2007
“Gold slipped on Tuesday as investors took profits from its recent rally to 28-year highs, but overall sentiment stayed bullish due to dollar weakness.
A decline in oil prices from last week’s record highs also weighed on the metal, which has jumped 16 percent or about $100 an ounce so far this year.
Spot gold fell as low as $722.30 an ounce before recovering to $729.30/730.00 by 1347 GMT, still down from $731.70/732.50 in New York late on Monday and off Friday’s high of $739 — the highest since January 1980.”
*This information is solely a highlight of the opinion of a third-party publication and is incomplete. Please subscribe to this publication for the full and timely opinion of the author and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.