Gold Tumbles Below $US1,200

Gold tumbled to under $US1,200 an ounce this morning. According to Bloomberg, the yellow metal is trading at its lowest level since June.

“Fed tapering and a general reduction in liquidity are the big game-changers in these markets,” Barclays’ commodities’ analysts via BullionVault. “The risk is for further price downside ahead.”

Here’s a look at what gold futures have been doing via FinViz.

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