Belfast Telegraph

Monday 21 April 2014

No quick return for price of gold

As gold paused for breath after its biggest price fall in 30 years, experts warned against quick recovery.

A selling frenzy driven by institutional investors pushed prices down 9% this week in the biggest one-day drop since 1983. The price fell to $1,321.35 before rising 2% to $1,387.76. It peaked above $1,900 in September 2011.