Will economic austerity kill gold's bull market?

The gold price recently broke out to new all-time highs. But since then, it's seen a big correction. So does this have anything to do with the dawn of a new 'age of austerity', or is it nothing more than a healthy pull-back? Dominic Frisby explains.

On 21 June gold broke out to new all-time highs above $1,260 an ounce. It pulled back, but then on 28 June it moved briefly above $1,260 again. Ten days later it was down some $80, flirting with the $1,185 mark. That's quite a correction and it's concerned a lot of people, so I wanted to address it in today's Money Morning.

Is this anything more than a "healthy pull-back"? Let's have a look...

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