Gold/silver market update for Friday, April 12: Gold is down sharply this Friday, officially entering bear territory in dollars. Several events are combining to push gold to around $1500, including rumors that Cyprus will be selling some of its gold holdings as part of a Eurozone/IMF bailout package. Some are concerned that any drop below $1500 will trigger even more selling. Like gold and stocks, silver is also down nearly 5% this Friday on many of the same concerns. Read more…
Gold Prices Drop Below £1000, ECB’s Draghi Gives OK to Cyprus Gold Sale – 12 April 2013
April 12, 2013 by