Thursday, November 24, 2016

Gold's Punishment Continues

'Tough times': Gold prices sink below US$1,200 for first time in nearly a year

Wednesday was a bad day for Canadian gold stocks as bullion fell below the key psychological mark of US$1,200 an ounce for the first time since February. Gold futures lost 1.8 per cent of their value or US$21.90 to settle at US$1189.30 amid strong U.S. economic data that sent the U.S dollar to a near 14-year…