Gold Prices Tumble –

Gold prices tumbled at the end of the week falling almost 10% in the last three trading sessions.  Gold fell $101.90 on Friday and settled at $1,639.80 an ounce.  Global economic conditions have led traders to consider the possibility of deflationary conditions.  Generally, gold investments do not perform well in deflationary environments.  This marked the sharpest decline in gold prices since 1980. 

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James Sutliff

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