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Is it time to buy gold? WGC says September has high confidence level

From kitco.com

The World Gold Council (WGC) rarely comments on when it is best to buy or sell gold, but its recent report highlighted September as one of the most opportune times to purchase the precious metal. “September has been one of the strongest months historically for the price of gold, and this could present an opportunity for investors as we head into the fourth quarter of the year,” the WGC said in a report. Gold has delivered positive returns during the month of September “with a confidence level” of nearly 90%, the WGC said, citing its analysis. The two main drivers behind this momentum are strong physical demand and ... (full story)

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  • Category: Fundamental Analysis