21.05.2012 - Gold price losing its glitter
Commodities prices, including gold, have fallen as world markets get the jitters over what might happen if Greece is forced out of the eurozone. Gold has dropped below $US1,600 an ounce, down from the highs of nearly $US1,900 last year. Analyst Peter Wright says gold is known as a safe investment during financial difficulty and the price drop is significant. "Gold continues to weaken, which is at odds with the broader investment view that in times of uncertainty and upheaval you might normally expect gold to be rallying," he said...............................................Full Article: Source
Print