Last week, gold looked like it was ready to tackle the $1,400 mark, reaching a six-month high on Friday. However, come Monday and the metal closed lower, marking its first decline in six sessions as investors were pulled away from the alluring precious metals by a rally in U.S. equities. Beyond that, economic sanctions imposed on Russian and Ukrainian officials by the States and the European Union had little affect, wiping away the need for the safe haven yellow metal.
Sadly, Monday looks to have marked the beginning of a new trend for this week’s gold performance.
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