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Some gold bulls say time to cash in, rally overdone
As gold prices near $2,000 an ounce, some bulls say its time take money off the table after the safe-haven rally extended too far too fast in recent weeks. Gold investors at several firms said that gold prices could correct sharply, citing overvaluation. While that does not mean prominent bulls are now bears, they recommended investors take profit on gold holdings, after the precious metal traded briefly above $1,900 on Tuesday for the first time. Spot gold quickly recoiled to end down more than 3 percent on Tuesday, its biggest daily fall in a year and a half, having advanced by almost 8 percent in just the last ... (full story)
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