Finance:
Gold continued to fall on Friday as the rising U.S. dollar reduced its hedge appeal. December gold fell to $1,115.30 per ounce, down $10.40 on the session. Prices fell as low as $1,110.80 earlier in the day. The metal lost $46.50 on the week, falling in four of five sessions. Gold is more than $100 off the record $1,218 reached last week. Yesterday, gold was flat.
Nothing has changed.
The strategy to buy and hold gold now is predicated on the following rational:
- Gold should be held for at least three to five years.
- We are at the beginning of a new cycle for gold accumulation.
- Economic indicators still favors commodities and hard assets.
- The long-term trend is still up for the price of gold ... read more
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