why gold prices are going down today

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Why Today's Gold Price Is Going Down – September 2014

By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke - September 11, 2014

Today (Thursday), gold fell to its lowest level since January. There are three reasons why today's gold price is going down...

Here they are, plus the current gold price, gold futures data, and more...

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Why Today's Gold Price Is Going Down – September 2014

By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke - September 11, 2014

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Today (Thursday), gold fell to its lowest level since January. There are three reasons why today's gold price is going down...

Here they are, plus the current gold price, gold futures data, and more...

Why Gold Prices Are Going Down Today

By Guest Editorial, Money Morning - June 20, 2013

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The answer to why gold prices are going down today isn't hard to find - it's a testament to the power behind Fed Chairman Ben Bernanke.

Comex August gold fell $76.50, or 5.56%, to 1,229.50 in early morning trading Thursday. The August contract traded as low as $1,285.00 in overnight trading as the U.S. dollar rose to the highest in more than a week against six major currencies.

Gold prices plunged Thursday to near three-year lows as precious metals investors took a "risk-off" stance following Wednesday's FOMC meeting. Bernanke announced that the current $85 billion worth of monthly bond purchases could slow near the end of this year, and end in 2014, if the economy keeps improving.

He said interest rates could increase "far in the future."

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