Gold Rises to Two-Week High as Equities Soften

Gold Rises to Two-Week High as Equities Soften (Reuters)

Gold gained again today as it rose more than 1 percent to hit a two-week high. Weakness in equities aided demand for the precious metal as a safe-haven asset. Gold, showing its best weekly performance since October, also was supported by strong physical demand from China, the world’s biggest bullion consumer. The gains come after gold lost nearly 30 percent in 2013, ending a 12-year bull run and posting its largest annual loss in 32 years, mainly due to the U.S. Federal Reserve‘s plans to taper its monetary stimulus program.

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Paul Dykewicz

Paul Dykewicz is the editor of StockInvestor.com and the editorial director of Eagle Financial Publications in Washington, D.C. He writes and edits for the website, as well as edits investment newsletters, time-sensitive trading alerts and other reports published by Eagle. He also is an accomplished, award-winning journalist who has written for Dow Jones, USA Today and other publications, as well as served as business editor of a daily newspaper in Baltimore. In addition, Paul is the author of the inspirational book, "Holy Smokes! Golden Guidance from Notre Dame's Championship Chaplain." He received his MBA in finance from Johns Hopkins University, where he was a two-time president of the school's Finance Club. In addition, Paul has a bachelor's degree from the University of Michigan and a master's degree in journalism from Michigan State University. Outside of work, Paul volunteers with a faith-based organization to assist the poor in Southeast Washington, D.C., to learn personal finance skills to lift themselves out of debt.