16.07.2014 - Gold Prices Poised to Continue Their Breakdown
Itís the proverbial pie in the face for traders who were sure gold was destined for higher highs. On Monday, gold prices, along with the SPDR Gold Shares (GLD), plunged a stunning 2.3% ó the biggest one-day dip of the year ó when Portugalís debt crisis didnít cause the country to sink into the ocean and drag the rest of Europe down with it. The closing price of gold on Monday was $1,306.70 per ounce, pulling the commodityís price to its lowest level since June 18. That was the day before gold prices soared after Janet Yellen vowed to keep interest rates low, and thereby keep the U.S. dollar suppressed...............................................Full Article: Source
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