| The low price of gold has failed to entice managers to back the precious metal, in spite of its value nearing a four-year low. The gold spot price fell to $1,244 per troy ounce last week, meaning it was not far above the $1,200 mark, a price it has not been at since it rose past that level in 2010.
Investors usually flock to gold in times of stress as a hedge against inflation or when currencies are being debased. The fact gold is falling suggests, in part, investors are comfortable with inflation levels and are bullish on equities...............................................Full Article: Source
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