Why Gold Is At Its Lowest In Five Years
For the third straight day today, gold has remained below $1,100 per ounce, a level last touched in March 2010.
Prices could fall below US$ 1,000 for the first time since 2009, according to Goldman Sachs. Morgan Stanley reports that in the worst-case scenario it may tumble to US$ 800.
What has been driving this decline? Here are four reasons that economists believe are causing this fall.