Gold price: biggest tumble in 30 years
… out of a tree?’ ‘Throw them a rope!’
They are going to change the phrase from ‘Gold Bug’ to ‘Gold Buggery-ed’.
The price of gold logged its biggest one-day decline in more than 30 years on Monday, tumbling $140.30, or 9 percent, to $1,361. While gold has been gradually falling since hitting a peak of $1,900 in August 2011, the sell-off accelerated late last week.
Before the drop, gold had climbed every year since 2001, as investors bought the metal both as protection