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All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

Gold Climbs But Still Set For Worst Quarter In 8 Yrs

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traevin
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 Posted 06/29/2012  3:52 pm Show Profile   Bookmark this topic Add traevin to your friends list Get a Link to this Message Number of Subscribers
Ed_B
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 Posted 06/30/2012  5:47 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

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Gold prices rose on Friday along with the euro after leaders at a European Union summit struck a deal to cut borrowing costs for Spain and Italy, but stayed on track for their biggest quarterly drop in eight years after a dire performance in May and June.

I found the opening sentence in this article to be most interesting. The Europeans strike a deal (or so they say) to reduce the borrowing costs of Europe's two largest debtors (so far), yet the gold price rises? Does this not seem counter-intuitive? One would think that progress on European debt problems would be seen as a positive thing for paper assets and a negative one for gold... but apparently not so.
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All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum



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