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CNBC: Like Summer Never Happened in Gold

LONDON, 28 August 2013 - Leading financial news broadcaster CNBC today highlights analysis of the recent gold price rally from BullionVault for UK investors.

"It's like summer 2013 never happened for gold and silver," CNBC's online report quotes said Adrian Ash, head of research. But recovering spring's losses so quickly has precedent, he goes on.

"Since April 1968, there have been 15 rolling three-month periods where gold in Sterling has lost 24 per cent or more. After each of these three-month periods, gold prices rose again over the next three months, resulting in an average 20.7 per cent increase for UK investors."

The gold price in Sterling today stood 19.1% higher from 3 months ago. The CNBC story is here:

Gold: It's like summer never happened


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Source: 
CNBC