U.S. Fed Ends Easy Money, Pushes Gold Down Hard Below $1300/Ounce

Reuters reported that gold fell precipitously on Thursday, plunging to levels not seen since September 2010.

As quoted in the market report:

Spot gold was down 4 percent at $1,298.29 an ounce at 0939 GMT, while U.S. gold futures for August delivery were down $74.00 an ounce at $1,300.00.

To view the whole Reuters report, click here.