By Ross Norman | Wednesday 10 July 2013
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
After dropping 23 percent in Q2, the U.S. Comex gold futures have rebounded 1.81 percent so far in July. The Dollar Index is marching towards the 85 handle, after falling 0.29 percent last month. The S&P 500 index suffered its first monthly loss since October 2012 in June, but has rebounded 2.87 percent in July.
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