| The price of gold bullion has dropped more than 17 percent from an all-time high reached in September as strapped hedge funds and sovereign funds sell the precious metal to raise money and the strong U.S. dollar strips it of its safe haven status.
In fact, some experts say it could go as low as $1,000 an ounce in the foreseeable future. "Gold was a safe haven, a hedge and a speculative trade all at the same time," Michael Murphy, CEO of Rosecliff Capital, a hedge fund, told CNBC. "Long gold has been a winning trade for years.”..............................................Full Article: Source
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