Catch up and get informed with this week’s content highlights from Charlotte McLeod, our editorial director.
Gold had a bumpy time this week, starting the period above the US$1,900 per ounce mark, but dropping to around the US$1,870 level on Thursday (June 3).
The yellow metal’s decline was blamed on factors such as US jobless claims, which fell below 400,000 this week, and a record high for the country’s service sector index.
Gold was back up to around US$1,890 by Friday (June 4) afternoon. Looking forward to the future, I heard this week from Gwen Preston of Resource Maven. She has a positive outlook for the precious metal, and is also optimistic about gold stocks, which she said are still historically cheap relative to gold.