Gold prices have tumbled 20 percent from their August 2011 record highs above $1,900 an ounce. The precious metal closed down more than 1% Tuesday to $1,548.70 after rating agency Egan-Jones downgraded Spanish debt and investors flocked from the Eurozone credit crisis to U.S. Treasuries, pushing up the U.S. dollar.
via Gold Will Rise Again: Mike Pento Sees $1800 By Year-End | Daily Ticker – Yahoo! Finance.
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