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Analysts have a message for investors on the gold price drop
Gold just had one of its sharpest single-session drops in months, and Wall Street is largely shrugging it off. A historic run took the metal from about $2,624 per ounce a year ago to an all-time high of $5,589 in January, CBS News reported. Then gold pulled back sharply in early March and is now trading around $5,350. For anyone who bought in during the frenzy, it stings. But analysts who have watched gold through multiple cycles are calling this exactly what it looks like: a healthy correction inside a bull market that is far from over. The bigger question is not whether the dip hurts. It is whether the forces that ... (full story)