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Blog Post: Gold Up 1% in Week That Equities Fall 3.29%
Gold coins and gold bullion prices gained again last week with a slight one percent gain.
This compared to a week that punished stocks and equities. The Dow Industrial Average dropped 3.29 percent in the week; the S&P 500 declined 3.79 percent while the NASDAQ took it on the chin dropping a hard 5.02 percent during the week.
Gold prices have actually increased in four of the last eight weeks and actually hit a six week high just last Thursday. It also broke above a key 50-day moving average.
While gold has been trading in a narrow band, it appears that its valuation is holding steady while traditional equity investments have suffered.
Building a base could be a bullish sign for opportunity to buy gold, or invest in gold coins, especially for gold IRA accounts. To get more information about investing in gold, be sure to contact Global Gold Group at http://www.aglobalcurrency.com