This time last year, the gold market was in a sorry state. Market participants were still reeling from the yellow metal fall from grace, and were hoping against hope that it would bounce back in 2014. Unfortunately, it is fair to say that did not happen. These past couple of months, the yellow metal has been battered by the end of QE and a strong U.S. dollar, and slipped past the key 1,200 dollars-per-ounce mark as October drew to a close.
Though gold has managed to rise a little since then, gold has not been able to remain above $1,200 for any meaningful period of time. That said, 2014 was not a total wash for gold. The precious metal actually fared fairly well until about September, and did particularly well in March, when it breached the 1,350 dollar mark following Ukraine-related tension and concerns about the Chinese economy.
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