Modest Corrective Price Pullbacks Observed For Gold, Silver

Slights corrections in precious metal prices were observed this week, with the focus on gold and silver. The pullbacks registered are modest, highlighting the still-solid ground beneath the metals amidst economic uncertainty. Gold was seen to retract all the way to the $1800 mark, while silver retraced to $22 per ounce. Such corrections are viewed as healthy in the bullish market as it allows for new rounds of consolidation, and subsequent rebounds. Buyers may consider these pullbacks as attractive discounts for entry. Though gold and silver prices decreased, the long-term prospects remain promising; experts feel, it’s important to not be disheartened by short-term fluctuations. Read More