After hitting fresh record highs almost daily, gold prices have weakened for the first time in a week, as the US dollar has snapped back.
In the last US/European session, gold fell 0.1 per cent, breaking a six-session run of fresh record highs, as the US dollar posted modest gains against the euro. .
But gold is still up about 10 per cent since the start of the third quarter, and in the last twelve months is up a third, underscoring bullion's momentum as a high-yielding investment.
Is the surge in gold on the back of economic woes in the European Union and jitters in the United States coming to end? Or, as many analysts believe, is the lastest pullback no more than a pause before gold resumes its upward trajectory?
Here are some questions and answers:
IS GOLD STILL A BARGAIN AT $1,300-PLUS OR IS IT TIME TO SELL?
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