Gold, down in seven of its last eight sessions extended earlier losses on Tuesday on a firm dollar, weak technical signals and speculation that the U.S. Federal Reserve might rein in its stimulus program.
CNBC's Bertha Coombs reports on gold from the NYMEX. Meanwhile 13F filings reveal what heavyweight money managers are buying and selling when it comes to the metals and miners, with CNBC's Josh Lipton. George Gero, RBC Capital Markets, and Mihir Dange, Grafite Capital, also weigh in.
Japan's wrong-headed policies doom it to injecting more money into the system, spurring inflation, which will dramatically boost the price of gold, said Euro Pacific Capital's Peter Schiff.
The FMHR crew have the play on Wal-Mart, Groupon, and Williams Lyon Homes. And, a look at the trade on gold, with the Futures Now team and CNBC's Josh Lipton.
Gold investment nearly halved in the first quarter as a brighter view of the U.S. economy prompted investors in the West to favor other assets like stocks over bullion.
CNBC's Bertha Coombs says negative economic data from Europe put pressure on commodities overall. Prices at the pump are 12 cents below where they were a year ago.
Wednesday was a tough day for gold, as it dropped to below $1,400 for the first time in nearly a month. But traders foresee still more pain for the precious metal.
Gold is a "classic bubble" and could go drop to $500 an ounce, Fortress Investment's Michael Novogratz tells CNBC. "Once bubbles pop, they go all the way down," he says.
Fortress Investment Principal Michael Novogratz, "Ultimate Wealth Report" editor Sean Hyman, and Brown Brothers Harriman's Marc Chandler look at gold and currencies.
Gold fell for a fifth straight session, hitting a four-week low below $1,400 as the dollar strengthened to a six-week high versus the euro, clouding gold's weak technical picture.
David Lennox, Resources Analyst at Fat Prophets sees very muted demand for oil in the U.S., China & Europe pointing to lower prices. He expects gold to move higher with increased demand.
Gold imports into the world's largest consumer of the precious metal surged 138 percent in April, widening the already ballooning current account and trade deficits. But, economists say this could be a one-off.