Posted by MarkB_MI on October 05, 2014 at 02:00:31 from (70.194.8.115):
In Reply to: Re: London price fix posted by ss55 on October 04, 2014 at 17:07:06:
>So...why did it go up and then drop?
Simplest explanation: Precious metals, gold in particular, are an index of fear and uncertainty. In 2008-2009, we had the biggest financial crisis since 1929. Markets don't react instantaneously, which is why prices continued to rise after the worst of the crisis was over. Now gold prices are responding to several consecutive years of continuing improvement in the economy, meaning less fear and uncertainty. Will prices drop to pre-2009 levels? Nobody knows.
Yes, there are plenty of other explanations, but you'll have a hard time correlating them with actual facts.
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