US central bank

‘Time to Buy’: Gold Price Drops Below $1360, Biggest Tumble in 30 Years
April 16th, 2013

The price of gold logged its biggest one-day decline in more than 30 years on Monday, tumbling $140.30, or 9 percent, to $1,361. While gold has been gradually falling since hitting a peak of $1,900 in August 2011, the sell-off accelerated late last week.