Gold Falls Through $1,600 After ETF Holdings Reach All-Time High
December 14, 2011 at 17:04 PM EST
Investors who put more than $3 billion into gold exchange traded funds in November have been blindsided by the meltdown in precious metals this month. Gold lost about $90 an ounce on Wednesday and fell below its 200-day moving average, where it hasn’t been since 2009. The precious metal also...