Ugly week continues for the yellow metal

|By:, SA News Editor

Gold continues its worst week in months, with a morning tumble bringing the metal lower by $15 per ounce to $1,242, a level not seen since January. For the week, gold is down about $50 per ounce, or 4%.

To review, gold began the year at about $1,200 per ounce and surged to nearly $1,400 in mid-March. Last year's low set in June and again in December was just below $1,200.

Pick your excuse: Lower Chinese demand, lessening tensions in Ukraine, calm in financial markets ...

GLD -1%

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