“The gold price has fallen to its lowest level in more than five years as talk of a US interest rate rise has led investors to sell the precious metal. Gold closed 2.5% lower at $1,104.60 an ounce in London, having earlier fallen below $1,100 an ounce for the first time since March 2010. The gold price is now more than 40% below its August 2011 peak. The stronger US economy has led investors to expect the Federal Reserve to raise interest rates this year. The expectations have led investors to gradually sell gold – a perceived safe haven investment in times of crisis – to invest elsewhere. Other commodities have also fallen, with the price of platinum down 5% – its weakest level since the crisis.”
http://www.bbc.com/news/business-33590480
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