Gold price rebounds (somewhat) after plunging to lowest level in 2 years

The Star On LIne reported that:
“The freefall in gold and other commodity prices started last Friday and gained momentum after China’s first-quarter gross domestic product missed estimates by a wide margin,” Maybank Global Market Research said.

Gold lost some of its glitter over the past few days, plunging to its lowest in two years.

Click on the link below for the full article:

http://biz.thestar.com.my/news/story.asp?file=/2013/4/17/business/12980099&sec=business

Gold price plummets $57 Today

Tags

gold, price of gold, Spot Gold Price

Gold dropped to $1503 today, a $57 drop down from Thursday.  This is the lowest it has been since July 2011

More info on possible reason for the drop in gold prices- 10 month low

See this link on why gold is dropping:

http://www.indianexpress.com/news/gold-price-falls-to-over-10month-low/1100978/

Gold prices dropping, not expected to go back up. Gold down $22.90 today.

See this article about Goldman Sachs predictions:

http://www.bloomberg.com/news/2013-04-10/goldman-lowers-gold-price-forecast-through-2014-as-cycle-turns.html