~ Since 1968, the largest quarterly decline in global prices
~ April-June decline of 25 percent, 15 in a week of lack
~ Gold price abroad on three-year low.
~ After 12 years of continuous rapid decline in prices.
The first such rise in the price of gold was being recorded, so it is becoming a declining record. On Friday, gold prices reached close to its lowest level in just three years. But gold’s biggest quarterly decline in 45 years is estimated. Friday at $ 1180.71 per ounce gold prices fell. Price was the lowest level since August 2010. 1206 gold per ounce was subsequently reformed by little.
The monthly bond purchases last week to $ 85 billion gradually eliminate the U.S. Federal Reserve announced after the gold price has fallen 15 per cent. The current April-June quarter, gold prices have dropped 25 per cent. According to statistics, since 1968 gold has not seen such a big fall.
Investors in the gold price seem no hope of recovery. Spot buyers are also likely to fall away from. Then again will stand fast in the market, the selling of gold will go. The buyer will come.