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

Gold sinks to three-year low

Posted on 20 December 2013

Gold slid to the lowest price in three years after the Federal Reserve said it would cut back on the easy-money policies deployed to steady the U.S. economy. Gold for February delivery, the most actively traded contract, fell $41.40, or 3.4%, to settle at $1,193.60 a troy ounce, the lowest price since August 2010, on the Comex division of the New York Mercantile Exchange.
Front-month gold for December delivery fell $41.10 to $1,195.00, also a three-year low. Gold’s declines—prices are down nearly 29% in 2013—erased much of the gains made in the wake of the financial crisis and have gold on track to end a 12-year bull run. On an annual basis, gold hasn’t lost ground since 2000………………………………………..Full Article: Source


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