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25 Press Releases | Banking & Financial | Gold Dips Below $1750; Presents Buying Opportunity says Pan American Metals of Miami

Gold Dips Below $1750; Presents Buying Opportunity says Pan American Metals of Miami

Low price is uncharacteristic; gold will rebound as European crisis continues.
November 17, 2011
\25 Press Releases\ November 17, 2011 - MIAMI, FL - The world is focused on Greece and Italy hoping to see some resolution to the crisis. Meanwhile markets are nervous and gold, strangely, has dropped below $1750 for the first time in a while. Gold prices had appeared to be range bound between $1750 and $1800, unable to break through either barrier yet now we are seeing a sharper decline as the US dollar gains and there is a rush to liquidate. None of this makes sense to seasoned market watchers who would expect gold to be acting as a safe haven and, in all likelihood, soaring through to $2000 an ounce by now. In fact, most experts agree that this will indeed happen, eventually. For now, however, gold is continuing to act in an uncharacteristic fashion while the dollar is the safe haven of choice.

What hap...

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