Well, so much for the theory that the gold price tends to go up over the Thanksgiving holiday, when traders in the US are away from their desks and the rest of the world is more likely to do more buying of the metal than selling.
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While the gold price may be declining in recent days, there’s been a sharp increase in commentary on the metal as an investment, the not-as-popular-as-it-once-was-based-on-metal-holdings SPDR Gold Shares ETF (GLD) being featured in a front page story in The Wall Street Journal and Floyd Norris filing this report in The New York Times.
Disclosure: No position
Source: The Gold Price Over Thanksgiving
