Gold price has drifted downwards in the past few days as the recent bullish momentum faded. The precious metal was trading at $1,940 on Monday, much lower than last month’s high of $2,010. It has retreated even as conditions for gold improved. A case for investing in gold has continued emerging. The biggest reason is the fact that the cost of paying US government bonds has jumped sharply. According to Bloomberg, the estimated annualised interest payments soared past $1 trillion at the end of October. The situation will worsen now that US public debt is surging. The most recent data shows that the total debt has ... (full story)