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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Gold plunges to two-year low

Posted on 16 April 2013

Gold plunged more than 9% Monday to its lowest level in over two years, in the biggest one-day sell-off in decades, as a global tumble in commodities gained steam.
Gold for June delivery, the most active futures contract, lost more than $140 an ounce to trade well below $1,400, adding to Friday’s sharp sell-off, when the precious metal slumped 5%. The gold contract is now in bear market territory, having fallen 29% from its record high in September 2011………………………………………..Full Article: Source


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