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The Balancing Act in the Gold Market

By Ross Norman of Sharps Pixley | Friday 10 January 2014


 


The U.S. Comex gold futures rose 0.32% to $1.229.40 after falling for three consecutive days. Year-to-date, the gold futures rebounded 2.25% while the S&P 500 Index and the Euro Stoxx 50 Index retreated 0.50% and 0.60% respectively. Gold prices have strengthened in the face of a stronger dollar; the DXY index rose 1.21% this year. 


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