Gold Prices Are Tumbling to 3-Month Lows

by Business Insider | May 27, 2014 2:09 pm

Gold Prices Are Tumbling to 3-Month Lows

Gold prices are down 2% to $1,266.50 per ounce, and were at their lowest level since February 10[1]. This comes after some positive economic data out of the U.S. on Tuesday morning.

Other commodities are also falling. Silver is down 1.8%. Agricultural commodities are taking a beating with corn down 1.6% and wheat down 1.4%.

Meanwhile, the S&P 500[5] hit a new all-time intraday high of 1,911.08.

Here’s a look at the gold sell-off:

gold 300x106 Gold Prices Are Tumbling to 3 Month Lows
Click to Enlarge

See Also:

Endnotes:
  1. February 10: http://online.wsj.com/news/articles/SB10001424052702303403604579587863026842126
  2. Durable goods: http://www.businessinsider.com/durable-goods-april-2014-2014-5?utm_source=investorplace&utm_medium=referral
  3. Case-Shiller home prices: http://www.businessinsider.com/march-case-shiller-home-prices-2014-5?utm_source=investorplace&utm_medium=referral
  4. Consumer confidence: http://www.businessinsider.com/may-consumer-confidence-2014-5?utm_source=investorplace&utm_medium=referral
  5. S&P 500: http://www.businessinsider.com/sp-500-all-time-high-2014-5?utm_source=investorplace&utm_medium=referral
  6. Google Made The Tiniest Change To Its Corporate Logo — See If You Can Even Spot It: http://www.businessinsider.com/google-logo-change-2014-5?utm_source=investorplace&utm_medium=referral
  7. 8 Months After Learning To Code And Launching An App, Leo The Homeless Coder Is Still Homeless: http://www.businessinsider.com/leo-the-homeless-coder-2014-5?utm_source=investorplace&utm_medium=referral
  8. Jim Carrey’s Commencement Speech This Weekend Had A Poignant Anecdote About Failure: http://www.businessinsider.com/jim-carreys-advice-to-graduates-2014-5?utm_source=investorplace&utm_medium=referral
  9. The 6 Most Powerful Words In Networking: http://www.businessinsider.com/the-6-most-powerful-words-in-networking-2014-5?utm_source=investorplace&utm_medium=referral
  10. Rap Genius’ Cofounder Has Been Fired After Comments About California Shooter: http://www.businessinsider.com/rap-genius-cofounder-fired-2014-5?utm_source=investorplace&utm_medium=referral

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