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Is the 'Gold Era' Over?

gold bars.jpg
AP

Gold fell to a 2-1/2 week trough on Tuesday, moving down with other precious metals due to a session high in the dollar index and better appetite for assets seen as higher risk, such as European stocks.

Silver also dipped to its lowest since mid-August at $27.53 an ounce, while platinum and palladium lost more than one percent.

Spot gold fell as low as $1,579.50 an ounce, its weakest since March 14, and was down 1.1 percent at $1,580.99. The metal was on track for its biggest one-day loss since a 2.6 percent slide on February 20.

U.S. gold futures were down $17.30 to $1,583.70 an ounce.

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Comments from Societe Generale, suggesting the "gold era" is over, also put downward pressure on the yellow metal.

That said, we want to hear from you — is the 'gold era' over?

Vote now in our "Futures Now" poll!

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