For many the drop in gold price has provided a clear buying opportunity. Gold bullion fell by 2.8% last week as the US dollar gained momentum.
This price drop may lead to the shiny metals first quarterly drop of the year amid an improving US economy. Tomorrow, begins a two day FED policy meeting where it is anticipated that there will be talk of raising interests rates, which is likely to take the shine off gold. However, the yellow metal has re bounded slightly as speculation buying mounts.