Gold Is Tanking AGAIN

Gold has erased 5 per cent of its value today.

It just took another big leg down after getting hit several times this morning and trading sideways for most of the afternoon.

However, it’s just come into some renewed selling pressure late in the day, and is now trading around $1487 (it started the day around $1560).

Technically, gold is now in a bear market thanks to today’s massive decline.

GoldClick to enlarge

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at