OUNZ - Gold Pulls Back But Not All That Much
Gold traded down to just above the $1160 level in mid-August when the dollar index hit a new high. Since then, the yellow metal has been making higher lows and higher highs despite volatility in markets that could have weighed on its price. During the fourth quarter of last year, a period of risk-off in markets across all asset classes took the price of crude oil from almost $77 per barrel in early October to a low at $42.36 on December 24. At the same time, the stock market declined under the weight of the