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.