Gold market plunges below $1,400 an ounce

Goldman Sachs have advised investors to sell as gold drops into bear market.

15th April, 2013
Gold: has slumped to a two-year low.

Gold has slumped below $1,400 an ounce to a two-year low after dropping into a bear market last week as optimism that a US recovery will curb the need for stimulus cut demand for a protection of wealth. Silver, platinum and palladium also declined.

Bullion futures slid 4.1 per cent on April 12, taking losses to more than 20 percent since the record close in August 2011, and meeting the common definition of a bear market....

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