Gold bugs are probably down in the mouth this morning after another big fall overnight in the price of their favourite metal.
We read, too, that Denmark's Saxo Bank is predicting it will go down as low as $US870/oz -- although with the caveat that it will head back to $US1500/oz eventually.
Of course it will rebound. And the reason was contained in a Bloomberg report quoting a Chinese central banker. Zhu Min said the US dollar was set to weaken further and it would become more difficult for nations to buy US Treasury bills.
Click here to read more about the fall in gold.
