Friday, December 4, 2009

Gold Drops Below $1200

In the last hour, spot gold dropped to about US$1185/oz; it sliced through the $1200 level like the proverbial knife through butter. As I wite this post, the drop's been partially reversed: bullion's recovered to $1194.00.

It reamins to be seen whether or not new buying will push the metal to the $1200 level....

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