Gold takes a quick tumble, dropping nearly 1% in minutes to $1.650/oz. (taking silver along for...

|By:, SA News Editor

Gold takes a quick tumble, dropping nearly 1% in minutes to $1.650/oz. (taking silver along for the ride, or vice versa). The fall comes as HSBC hits the tape, cutting its 2012 average gold forecast to $1,760 from $1,850 on a "sharp decline" in Indian demand and reduced expectations for QE.