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Tuesday, March 23, 2010

Gold Ends Fall with Slight Gain

Gold futures in slight gain

Gold had to fight its way back from losses earlier in the day, and over the last week, as many were thinking the end of the gold bull market had come.

Of course that never was the case, but it was nice to see gold futures rise over $1,100 again, as it finished the session at $1,103.70 an ounce, up by 0.4 percent.

This is more important psychologically than anything else, but still an important event for investors to see. Now comes the test to see how investors view gold after the rebound, as they've gravitated back and forth between the U.S. dollar and gold as the place they want to keep as a safe haven for their capital.

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