Gold has come down faster than the market has risen in the last month. The 52 week high for gold is just a little over $1,000 an ounce. It is now currently trading at around $770 an ounce. That’s down over 23% in a little more than a couple months. No matter where the long term trend for gold is headed it should at least see a short term bounce up to the $850 an ounce level.
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