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.

Why Monetary Stimulus Is Less Effective In Japan

After peaking at 128.06 million in 2010, Japanese population has been on the decline every year. It is projected to come down to 86.74 million by 2060. Japan’s National Institute of Population and Social Security Research has predicted that the country would be losing more than 700,000 people a year by 2025 and more than a million a year by 2060.

Leaked Wall Street Email Provides Glimpses Into World Of Finance

Finance internships are known to be famously brutal, and a leaked email from Wall Street has only served to confirm this. Justin Kwan, a second year Analyst at Barclays, sent out an email to the bright-eyed young college graduates about to join the company for its internship program. Ominously titled “Welcome to the jungle”, the email lists the 10 commandments that an intern needs to follow if they wish to succeed in the cutthroat world of investment banking.

Overwork Led To The Death Of Sarvshreshth Gupta

It was 2:40 am on a warm San Francisco night. Sarvshreshth Gupta called his father, sitting thousands of miles away in New Delhi, India. “It is too much. I have not slept for two days. I have a client meeting tomorrow morning, I have to complete a presentation, my V.P. is annoyed and I am working alone in my office,” he said. His father was understandably concerned. Sarvshreshth was working as an Analyst at Goldman Sachs, and had recently been complaining about his workload.