Gold Is Recovery at $1,392/Oz

Gold is making a nice recovery since it plummeted last Friday and then again on Monday. At the moment its trading at $1392 an oz. Although this still isn’t great, it gives investors hope that it will eventually make a full recovery.

Stop losses were ignited on Friday as gold fell below $1500 an ounce and then kept falling on Monday morning. Many blamed it on the strengthening of US dollar, others assumed it was a fluke.
Many analysts cite the Asian market as the reason Gold is recovering so nicely. Through this whole ordeal, Physical Asian Gold never faltered, with stocks continuing to climb today.

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