Gold loses its lustre - MoneySense

Gold loses its lustre

The investor sell off in gold continues pushing prices below $1,400 an ounce.

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  • Gold dropped below $1,400 an ounce Monday, it’s lowest level in two years as investors continue to sell off the asset.
  • Thinking of a career move? Consider one of these high-paying professions listed in Canadian Business’ Best Jobs 2013 ranking.
  • The spring buying season has arrived, though the market appears to have cooled considerably from last year. Resale home activity was up 2.4% in March over February but down over the same year-ago period, CREA said Monday. In fact, transactions were down more than 15% in March 2013 compared to March 2012. Prices meanwhile rose 2.5 in the same period.
  • iShares launched three new unhedged ETFs in the Canadian marketplace Monday tracking US, developed international and emerging markets. Visit iShares for more information.
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