News

Gold loses its shine

Wednesday 17th of April 2013

Gold had its biggest one-day price drop since 1982 overnight on Monday, dropping 9% to US$1361.10 an ounce. That is the lowest trading price since February 2011.

Norman Stacey, of Diversified investments, said the drop was not unexpected but the extent of it had shocked some people.

He recently stopped advising investors to purchase gold. “The reasons for gold to be appreciating h...

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