“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 an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. 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.
For 50 years, Monex has been America's trusted name in gold and other precious metals. With client transactions now totaling over $55 billion, Monex Deposit Company, established in 1987, is today America's premier precious metals dealer because of our dedication to customer service and satisfaction.