Gold Turns Negative for 2012
By: Robert Hum
Jack Vearey | Getty Images
Gold gave up all of its 2012 gains Monday, as the U.S. dollar strengthened for the eleventh consecutive session and posted its longest winning streak since August 2008.
Gold futures prices , which are denominated in U.S. dollars, settled at $1,561, down 0.4 percent so far this year.
Since bullion closed near a 4-month high of $1,788 back on Feb. 28, it has fallen 13 percent.
But it's not just gold that has taken a hit. The RJ/CRB Commodity Index is currently trading at its lowest level since Oct. 2010.
Although gold is nearly flat for the year, gold stocks have far underperformed futures prices, with the CBOE Gold Index trading at a two-and-half year low.
Here is a look at some of the gold miners that are down more than 18 percent in 2012.
Gold gave up all of its 2012 gains Monday, as the U.S. dollar strengthened for the eleventh consecutive session and posted its longest winning streak since August 2008.
