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Gold price collapse – worst for 30 years…now $US1,200/ oz

Gold price collapse is the worst for 30 years…now $US1,200 per oz

DECEMBER 29, 2013 | (http://www.telegraph.co.uk)gold bar

Gold will   finish the year as one of the worst-performing asset classes of 2013, bringing to an end a decade-long rally in the precious metal.Gold has suffered its sharpest fall in 30 years, down alm

That compares badly against other assets, with the S&P 500 up 28%, the FTSE 100 gaining around 13pc and Brent crude oil futures up about 2.5% in the same period.ost 28% over the past 12 months to close 2013 at about $1,200 (£725) an ounce.   Continue reading