Gold begins rebound

The price of gold started an upward climb Tuesday, erasing yesterday’s losses in early trading.

Gold remains below the September 16th high and those who piled into bullion, believing its hype as the ultimate safe haven still have some ground to make up.

Last week’s and Monday’s sell-off didn’t come as a surprise to all, though. Last month Advisor.ca’s Vikram Barhat warned readers a correction in the price of gold was coming down the pike.

London’s Financial Times offers an excellent video that details how the market’s response to the latest round of quantitiative easing by the U.S. Federal Reserve took some of the shine off gold.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.