In London the price was officially "fixed" at $1,395 per troy ounce, down 9.2% from Friday. Eight hours later on the New York market, the price for immediate delivery was down 9.1% from Friday at $1,365 an ounce. Most other commodity prices fell in
As early as 2011, George Soros, a legend among the world's best-known speculators, called the meteoric recent rise in the price of gold "the ultimate bubble." At that point, the price had roughly tripled in less than five years. More recently, he
Gold has such strong cultural resonance â€" from Midas to Goldfinger â€" that it is hard to regard it rationally. And so when the price soars, or plunges, there is a temptation to try to extract some grand message for humankind: what is the plunge saying
Trying to explain why the price of gold is falling is a bit like trying to say why lightning strikes one place but not another. We know the general principles involved, but beyond that it's mostly guesswork. Still, here are six theories,
Gold rebounded modestly from Monday's epic plunge, but other commodities remained flat. Gold gained more than $35 an ounce in early trading Tuesday, after plunging $140.40 Monday, worst percentage decline in 30 years. Later, gold futures were up
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