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Unconventional Market Factors Cause Gold Market to Rise

A Goldman Sachs report has found that unconventional market factors are increasingly affecting gold prices and causing them to respond differently from traditional trends. The recent report pointed out that nontraditional factors caused gold prices to rise by more than 11% in India, indicating a pattern where emerging rather than conventional factors are influencing the precious metal’s prices.

Although this trend has been mostly confined to India, it shows that gold is still susceptible to factors other than known determinants. Gold prices in India have…

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NOTE TO INVESTORS: The latest news and updates relating to Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) are available in the company’s newsroom at http://ibn.fm/ELRRF

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