Gold News: Reversing Gains

Gold News

In the latest gold news: As of April 24 at 7:00 am EST, gold was up to trading at $1,271.38 per ounce, down from last week’s price $1,284.01 per ounce and showing a reversal of the gains for the bullion early last week.

Gold News

Early last week, the price continued its climb based off of geopolitical tensions with North Korea before taking a turn in the middle of the week. Gold continued to decline on Monday following the first round of the French elections on Sunday. The outcome that candidates with be Le Pen and Macron in the May 7 second round eased speculations, driving investors from gold.

India’s bullion trade is trying to receive government permission to make local gold bars and export them around the world to compete with the the London Bullion Market Association. India is one of the largest gold importers in the world.

In the month-long gold and prediction ending April 17th, I Know First’s algorithm showed an impressive 100% accuracy rate, as seen in “Gold Outlook Based on Big Data: Returns up to 4.71% in 1 Month”. After one week, I Know First’s average percent change came out to 4.71% with both GLD and XAU as the top earners bringing in an impressive 4.72% return to investors.

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