Reasons that Explain the Drop in Gold Prices

Reasons that Explain the Drop in Gold Prices

In recent weeks, there has been a significant drop in gold prices. There are a few underlying reasons for this reduced pricing. Investors keep a good eye on the price of gold, and it continues to be a hot commodity. In early September of 2011, gold was at an all-time high but now it seems to be going the other direction. 

Gold is now lower than it has been since 2009 and many people are worried about this. Looking at factors that affect it though can help to put the mind at ease. The power of the United States dollar is continually getting stronger. It has climbed 5% against the Euro and other currencies in the last year. Gold is priced in USD (United Stated dollars) so that means foreign investors are finding it harder to invest in gold right now.

There seems to be a surge in people putting their money in the stock market in the past 6 months. It is believed a large portion of these investors are turning portions of their money for investing from gold into other...
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