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Economics

Losing shine

Gold's losing its shine. Gold's no longer golden. The yellow metal's spot price dropped to US$1,248.56 an ounce - down by 3.3% on the week and down 3.1% on the month and ... down 34.2% from its all-time high of US$1,898.25 an ounce on 5 September 2011.

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Read more: Gold,  China,  European Central Bank,  GFC,  India,  Japan earthquake/tsunami,  May,  September 2011,  US Federal Reserve,  AAA,  All Ords,  April 2013,  Business Insider,  Economics,  Fed,  Gold Ultra-Bulls Have,  Jasmine Revolution,  London town,  May 2.1 %,  New York,  Oz,  Rio,  S&P 500 index,  Shanghai Composite,  Stoxx 600,  US dollars,  Virginia,  VIX index,  Yes