Wednesday, May 16, 2012

Gold's Plunge Enters Bear Market

Gold has lost a fifth of its value since its record peak last year, as fears that Greece will exit the euro prompt investors to move into cash.

Futures contracts for the precious metal were on Wednesday trading 21pc down from their high last summer. That signalled gold for June delivery was into the territory seen as a “bear” market - when an asset plunges 20pc or more.
Read the rest here.

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