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Author: Tara Clarke

What’s Behind Gold Prices’ Biggest Daily Drop of 2014

Gold prices today (Monday) fell sharply by 2.3% for the biggest one-day drop of 2014.

U.S. gold futures for August delivery were down $30.70 at $1,306.70 an ounce – their biggest one-day drop since December. Spot gold fell $33.50 at $1,305.50 an ounce. The sell-off happened quickly following the Comex futures market open in early U.S. trading according to Kitco, suggesting a big sell order hit the futures market at that time.

The post What’s Behind Gold Prices’ Biggest Daily Drop of 2014 appeared first on Money Morning – Only the News You Can Profit From.

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