Why are gold prices going down? « 2ndlook

The story behind the gut-wrenching US$300 drop in gold prices.

A bump on the road

The first 15 days of December, 2011, has seen weakness in gold prices – falling from roughly US$1900 to US$1600. The biggest drop, after ‘gold dropped 25 percent in the fall of 2008 — from over $1,000 an ounce to about $750′. Broad parameters of the situation were similar then – as...