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Saturday, May 25, 2024

Gold Price Plunges to Lowest Level since 2011

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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