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Gold Seeps to Two Month Low

Tuesday, July 20, 2010

After the gold market took a further surge through June, the gold price has today slumped back to the $1,180/Oz mark, its lowest point since late May almost two months ago.

The on-going gold price surge has been fuelled by market concerns over inflation and Euro Zone stability fears, both of which have seen signs of easing in recent days.

With the gold price dip, new private gold investors may be tempted into the market as industry analysts hold out hope of a continued longer term creep towards the magic $2,000/Oz mark over the next three to five years.