Gold Crashes--Economy Ready To Implode (Video And Picture)

The gold price fell more than $25 on Tuesday, hurt by a combination of a showing of strength for the US economy, hopes of an easing of the conflict in Ukraine and technical factors. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery – the most actively traded contract following the expire of June options – traded at $1,265.90 an ounce in midday dealings, near the lows of the day and down over 2% from yesterday's close. Gold has wiped out a chunk of its gains for the year trading a levels last seen February 7 and down $115 an ounce from 2014 highs reached mid-March. MOREHERE



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