Tue, Mar 31, 2015
A A A
Welcome preal121
RSS

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


 Article link

This post was written by:

VRS - who has written 39872 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
S M T W T F S
« Feb    
1234567
891011121314
15161718192021
22232425262728
293031