Economists Predict a Good Year for Gold
Friday’s afternoon Gold prices edged 1.25% lower to $1657.10 an ounce, moving against the broader market and reversing from premarket gains that wiped out year-to-date losses. Futures initially rose on the back of strength in the Chinese economy and a sharply declined U.S. dollar. Today’s dip marks one of several times the precious metal has dipped under $1,660 since December 2012, having declined 3.2% in the last 30 days. Gold climbed to a 52-week high of $1,802 in late February 2012, dipping to a low of $1,538 by May 2012. In October, prices nearly clipped $1,800 before closing out the…