Market update for Friday, March 29th. Markets are closed today, but it’s good to take a break right? Priced in dollars, the first quarter for gold was not pretty. In fact, the metal has slid nearly 5% since the first of the year – the worst quarterly performance since 2001. Many analysts say gold will need to regain that “fear” or “safe-haven” appeal before it will rise back to where it was. Priced in Euros though, gold did well in March on heels of the banking crisis in Cyprus. Read more….
Gold Poised for Second Quarterly Loss as Banks in Cyprus Reopen
March 29, 2013 by