Gold Price Plunges to Lowest Level since 2011

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Gold Price Plunges to Lowest Level since 2011

Gold Price Plunges to Lowest Level since 2011

The price of gold has fallen to a two year low at just under $15,000 per ounce. Gold for June delivery plunged $64 to close at $1,501 an ounce, the largest drop since February 2012. It was the lowest price since July 2011. The price has been climbing in the last 10 years. Prices were around $300 an ounce at the beginning of the millennium, hitting around $1,000 in 2007-2008, with the spike in price being triggered by global financial crises.

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