Gold Falls Nearly $100
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After surging to a record over $1900 per ounce a few days ago, gold is in absolute free fall. After selling-off heavy yesterday, the precious metal is down over $90 today to $1768.20.
There are a number of speculative items that could be driving gold lower today. Some of those include: no Q3 from Bernanke Friday, margin hikes, hedge fund liquidation, large sovereign seller.
The ETF that tracks gold, SPDR Gold Shares (NYSE: GLD) is down 3 percent.
There are a number of speculative items that could be driving gold lower today. Some of those include: no Q3 from Bernanke Friday, margin hikes, hedge fund liquidation, large sovereign seller.
The ETF that tracks gold, SPDR Gold Shares (NYSE: GLD) is down 3 percent.
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