The price of gold is heading back down as investors go haywire over the new issues arising in Europe. The price of both gold and silver, along with other precious metals, has taken quite a hit through the second half of this year, with gains coming back to the metals early this month, only to be erased by the unease in the world economy.
The price has plummeted almost $50 back below $1700 per ounce to a point of $1675 today with trading looking dismal for the metal. Investors around the world seem to be dumping the bullion as well as shedding dollars in GLD and IAU.
