independent

Friday 18 April 2014

... but price of gold crashes

THE price of gold has crashed, leaving thousands of buyers here nursing heavy losses.

Large numbers of Irish investors bought gold over the past four years, seeing it as a safe haven during euro turmoil and fears inflation would soar.

But instead, falling prices have become an issue for the countries that share the euro currency, while the euro is seen as having emerged from the crisis that threatened its survival.

The price of an ounce of gold has now fallen to $1,241 -- a drop of close to 40pc since the price peaked in September 2011.

Irish Independent

Also in this Section

Classifieds

CarsIreland

Independent Shopping.ie

Meet, chat and connect with
singles in your area

Independent Shopping.ie

Meet Singles Now

Findajob

Apps

Now available on

Independent.ie on Twitter

More

Most Read

Daily Deals

Independent Gallery

Your photos

Send us your weather photos promo

Celebrity News