Which way will the pendulum swing for gold?
The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.
Based on 10 years of data, gold bullion has historically increased two percent in August and four percent in September
One of the most fascinating aspects when watching a sporting event like the Olympics is the historical statistics highlighting the tremendous advances in athleticism over the years. In the spirit of the events this summer, BTN Research compared gold's advancement from the beginning of the games in Beijing to the London Olympics.
On the day of China's auspicious opening ceremonies on August 8, 2008, gold was $857.80 an ounce. By the time the world watched the opening ceremonies of the 2012 London Summer Olympic Games, the precious metal had climbed to $1,617.90 an ounce. This represents a remarkable increase of 89 percent in four years.
Continue reading this article here.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.