Review Gold has seen the steepest decline since mid March, Gold has closed a 6% downfall from April 2nd up until a couple of days ago consolidating at $870/Oz. The downtrend occurred due to the moving of US dollars into the equity market especially the major European stock exchanges and other US dollar backed investment instruments, the decline in demand for Gold in the jewelry market and higher demand for scrap has assisted the downfall. The uncertainty of global stimulate packages, decline in European and US stocks and relatively low pr... ( read more )