Gold Drops To Lowest Price This Year
- 6 years ago
According to Business Insider, the price of gold hit its lowest level of the year.
Gold prices have fallen over 8-percent in the last three months, but the latest loss brought the price down to $1,226 per bar.
According to Simona Gambarini with Capital Economics, the US dollar's growing strength is partly to blame.
But the commodities economist added that the largest consumers of gold, like China and Turkey, have slowed their purchasing as well.
Gold prices have fallen over 8-percent in the last three months, but the latest loss brought the price down to $1,226 per bar.
According to Simona Gambarini with Capital Economics, the US dollar's growing strength is partly to blame.
But the commodities economist added that the largest consumers of gold, like China and Turkey, have slowed their purchasing as well.