Irish News

Thursday 24 July 2014

... but price of gold crashes

Charlie Weston

Published 09/01/2014|02:30

  • Share

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

  • Share
  • Go To

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

Read More

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

Editor's Choice

Also in Irish News