Golden Truth Blog: by Superior Gold Group

Gold prices have settled somewhat in recent weeks, potentially providing investors with new opportunities to set themselves up to take advantage of longer-term price gains.

A report from Bloomberg News notes that gold prices had remained relatively unchanged in London during Friday’s trading, while platinum and palladium prices had fallen somewhat.

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- Bruce Sands

A report by Dow Jones cites a softer U.S. dollar and positive economic indicators such as an improved manufacturing outlook in accounting for some of the current price rally in the gold market. The article notes that the price peaked at $1,124 on Monday, marking the highest price since December 17.

Another major factor cited by the news service was the strength of crude oil prices, which ties in with gold because funds typically invest in more than one commodity at a time.

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