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Thursday, July 1, 2010

Gold Up for Seventh Quarter in a Row

Even under pressure gold has been managing to stay ahead of the game and continue on its upward move.

Gold finished the month up close to 2.5 percent, while again having a great quarter, ending up by approximately 12 percent.

August delivery for gold increased to $1,245.90 an ounce, adding $3.50, or 0.3 percent.

Investors continue to move their capital into gold as one of their favorite safe haven places, as economic news continues to confirm the U.S. economy is doing very little, if it has ever left the recession in the first place.

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