What’s happening with Gold? « The Economics Journal

jschulmansr.wordpress.com — Gold had the biggest monthly drop since 1983, last month. It dropped 18% in that month to about $700/ounce (1 troy ounce approximately equals 31 grams). It seems counterintuitive given the fact that crisis generally increases the price of gold, and October is the month of peak credit crisis. One of the biggest factors causing this is the fading...