Friday 12 April 2013


Gold Prices Dive to $1,500 an Ounce


USA TODAY: The price of gold plummeted Friday to its lowest level in nearly three years as economists grew increasingly worried about the economy's forward momentum heading into spring.

Precious metal investors appear to losing their confidence in gold as a safe-haven investment from the risks of inflation or a major stock market meltdown. There is also growing concern that as the beleaguered banking sector in Cyprus worsens, citizens and investors there and in other parts of the debt-laden eurozone will ratchet up gold sales to raise cash. » | Beth Belton | USA Today | Friday, April 12, 2013