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Gold selloff intensifies, price plunges 9.35%
Gold had already fallen to its lowest level in 18 months on Friday accompanied by fears that cash-strapped countries would call for to sell off their reserves, as Cyprus is expected to do so, to raise €400m (£340m) – although the amount it raises will drop if the
Spot market gold prices fell to a two-year low below $1400 an ounce Monday morning, extending Friday's drop that took gold into bear market territory under the definition of a 20% fall from its peak. Silver fell as low as $23.11
Spot market gold prices fell to a two-year low below $1400 an ounce Monday morning, extending Friday's drop that took gold into bear market territory under the definition of a 20% fall from its peak. Silver fell as low as $23.11
Goldman Sachs strategists Damien Courvalin and Jeff Currie hit their $1450 year-aim price target for gold release three days into a new recommendation to small
"But I am a hopeless market timer/trader." Rogers said he expects gold prices to fall further for the "foreseeable future" but expects "gold to eventually go privileged over the decade." SEE ALSO: Gold Bull Frank Holmes: 'The Math Indicates That The Metal
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