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

Gold sinks to 5-month low of $1,219

Posted on 04 December 2013

Spot gold prices plummeted to $1,220 per troy in Asia trade this morning, declining to a five-month low and looking all set to plunge further on taper worries. As the year 2013 comes to an end – with exactly for weeks to go – it is set to mark the end of the yellow metal’s bull-run, with gold price set to end the year about 30 per cent lower than where they started the year.
This will be the first time in 13 years that gold will register a year-on-year decline in a calendar year, with gold prices rising every year from 2001 until 2012………………………………………..Full Article: Source


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