Should Gold Investors Be Worried by the Recent Pullback Below $4,000?
The price of gold dropped to less than $4,000 an ounce during the week and is now trading in a narrow range from $3,990 to $4,050. This current price is a far cry from the $5,600 high the precious metal reached at the start of the year. Investors holding gold in their portfolios may now be wondering: should they be concerned about further retraction? Let’s put this into context, because context is everything. Over the last two years, the precious metal has recorded gains of 65%. The bulk of those gains happened last year, so it was quite a climb.…
