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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold prices are dropping, but why?

Posted on 09 July 2013

Gold prices just wrapped up their worst quarter - down 23 per cent - since at least 1920, according to Bloomberg News. The shiny metal has lost its glow for now. So, what’s going on with gold? The decline “is feeding on itself,” according to experts cited in this article at CNBC’s Market Insider.
Writer Patti Domm quotes a list of those experts who note that factors affecting gold’s decline include a slowdown in gold-buying by China and India, shattered confidence that gold’s rise in value would continue unabated, and the failure of predictions, going back years, that inflation was about to take off………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 37608 posts on Opalesque Commodities Briefing.


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