Why Today's Gold Price Is Down

Tuesday morning, August Comex gold in New York was down $2.50 at $1,104.40 an ounce.

Why today's gold price is down is linked to several factors, starting with the aftermath of the gold "flash crash" that occurred late Sunday night. When China's market opened for trading, a seller dumped five tonnes ($2.7 billion worth) of gold on the Chinese market. Gold fell 4.2% to a five-year low of $1,085 an ounce in a matter of seconds.

Here are the other factors weighing into why today's gold price...

What feeling does this article give you?
Joy
Disgust
Fear
Anger
Sadness

#hashtags to follow:

August Comex [+]    New York [+]    China [+]   

More from #economy