Gold Retraces Half Of Record Plunge

Tyler Durden's picture

With its biggest 8-day rally in 20 months, Gold having jumped another 1% this evening has just breached $1445 and retraced half of the record plunge from April 12th. It would appear that the record physical demand that we are seeing in every corner of the globe is indeed leaking back into the actual price of gold.

Spot Gold has retraced half of its record plunge losses...

with the best 8-day performance since early September 2011...

 

Charts: Bloomberg