Gold sinks below $1,200 for first time in nearly 3 years

Gold sank 2 percent on Thursday, as month-end book squaring and relentless liquidation by institutional investors sent bullion prices below USD 1,200 per ounce for the first time in nearly three years.

 

Gold reversed early gains in New York trade, and the slide accelerated with stop-loss orders triggered after the price fell below USD 1,225 an ounce.Gold has slid nearly USD 200 an ounce in 10 days. It is down more than 28 percent for the year and is headed for a 25 percent loss for the second quarter, its biggest quarterly decline since at least 1968.

Capital Paramount is technical research based advisory firm, we offer mcx tips, ncdex tips, commodity tips, stock tips, agri tips ,equity tips, intraday tips, mcx-ncdex tips, forex tips, comex tips, bullion tips, share market, base metal tips, precious metal tips  with proper risk reward ratio. We provides all financial services under one roof with 95% accuracy. Get 2 days free trial on Share tips, nifty tips, Cash market tips, future tips, option tips, stock tips free trial,intraday stock tips with upto 95% accuracy. http://www.capitalparamount.com call us 777 2000 777,9589363636