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Gold Price Fell Below $1200

increase font size  reduce font Add date: 2016-11-24  Hits:107
Core prompt: The price of gold slumped below $1200 an ounce last Thursday, the lowest in more than 3 years, after the US Federal Reserve pulled back on its stimulus program, Xinhuanet.com repor

The price of gold slumped below $1200 an ounce last Thursday, the lowest in more than 3 years, after the US Federal Reserve pulled back on its stimulus program, Xinhuanet.com reported. Though the price of gold has tumbled nearly 30% in 2013, analysts say it's still not the right time for gold traders to do bargain-hunting, as the market now shows a bearish view toward gold and it may continue to drop.

 

Written by Dora Men

 
keywords: Gold, Gold Price, Economy
 
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