Gold prices are getting destroyed. The sell-off really accelerated at around 3 AM ET.

However, many attribute this to Fed Chairman Ben Bernanke’s comments that the Fed could start tapering, or gradually reducing, its massive bond-buying plan.

At around $1,319/ounce, this is the lowest level in over two years. This is according to Bloomberg.

Here’s an intraday look at the gold prices via


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