USA Today reported that gold continued its downward spiral on Monday, entrenching itself in bear market territory, as the precious metal dipped below the crucial $1400 an ounce territory

USA Today reported that gold continued its downward spiral on Monday, entrenching itself in bear market territory, as the precious metal dipped below the crucial $1400 an ounce territory.

As quoted in the market report:

The 27.3% drop from its all-time high puts in deeply in bear market territory. It is gold’s worst bear market drop since a 39% plunge Jan. 2, 1996 through Aug. 25, 1999, according to Bespoke Investment Group. The average gold bear market has sliced nearly 32% off gold’s price, according to Bespoke.

To view the whole USA Today report, click here.

Gold Investing