Worst weekly performance in four months.
The pressure on the precious metals market increased and last week we saw a sharp drop in prices. Geopolitical developments in the Middle East have and will have major effects on the market. The price of gold dropped last week by about 5%, and investment institutions are expected to make changes to their price forecasts in the coming months. This article mentions the state of the gold market and the result of this week's Kitco survey on the performance of the market this week.