Gold Heads Lower
04/12/13 02:47PM EDT
The price of gold has been flirting with $1500/oz today and can go considerably lower than that after starting the year a touch below $1700/oz. Over the last two months, the US dollar has appreciated in value considerably which has driven down the price of commodities (gold included). As you can see in the chart below, it's been a rough ride for those who were buying gold above $1600/oz.
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