The international gold price was fixed in London this morning at US$1,096.80/oz; the lowest am fixing since March 2010. The gold price declined 4% at the beginning of this week after heavy selling in thin markets. Bloomberg reports that a Goldman Sachs analyst is predicting that gold could fall below US$1,000/oz on a more positive outlook for the US dollar. The highest ever morning gold fix was on 5 September 2011 when the price was fixed at US$1896.50/oz.
London morning gold fix lowest in 5 years