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APR 16, 2013 - Time

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What’s Behind the Crash in the Gold Market?

One of the more interesting phenomena to take place in the markets in recent memory has been the seemingly invincible rise in the value of gold. In the decade between 2001 and 2011, the price of gold rose from $256 per ounce to a high of $1,920 — a whopping 650% return for those lucky enough to have timed the trade perfectly. But since 2011, the gold market has shown signs of weakness, culminating in a multi-day crash that began Thursday and continued into Monday. According to the Wall Street Journal: “Gold futures for April delivery fell $140.40, or 9.4%, Monday to a two-year ... Read More

Tags: What’s Behind the Crash in the Gold Market?,  Warren Buffett Latest News