Ugh. As of today gold has dropped.
Yesterday the market closed out at $1,207.50. As of this very moment, gold is at $1,160. Which is where were were about a month ago. Its not horrible, but it does make a difference.
Why does this happen? Well, this mornings drop was caused by the speculation that the unemployment rate was not that low and that the dollar is getting stronger. Here is an article that is worth reading.
Graph: Courtesy of www.Kitco.com
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