Spot Gold Prices for 4-15-2014

Spot Gold Prices for 4-15-2014

Hello my name is Chuck Dougherty and this
is the Spot Gold Prices Daily Wrap-up. The Spot Gold prices for Tuesday the 15th
of April saw Gold prices opening at around $1,320.50. Gold prices plummeted Tuesday in a continuation
of the drop that started after the close of the normal US trading hours on Monday. Once
the avalanche started it began setting off sell stops and traders also started exiting
positions which gave the slide even more steam. Prices dropped from the start and by mid-morning
we had seen the low of around $1,294.30 which was around $26 from where we started the day.
Prices finally leveled out and we ended the trading day higher than the lows at around
$1,298.50 which still resulted in a decent loss in the price of gold of around $22.00. This crazy fast drop in prices seemed to catch
many people off guard since the Ukraine crisis started the recent rally but has not de-escalated,
in fact things got even tenser in that area overnight, yet prices still dropped. This
makes the current market a tough read for those trying to get a handle on which way
the pendulum will swing next. Thank you for watching this is Chuck Dougherty
and this was the Spot Gold Prices Daily Wrap-up for April 15th, 2014. Please be sure you subscribe and don’t forget
to comment and like us as well. If you need more information on precious metals
be sure you visit our website: See you in the next Gold prices episode! Until
then, take care.

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