Gold Suffers Worst Quarter Ever: Where Is It Headed Now?

Category: Gold / Jul 02, 2013 12:32PM EDT

The quarter just ended and gold is on track to lose nearly 25% of its value: Gold Reporter Mike Obel sat down with IBTimesTV to discuss gold and where it stands for the next quarter. The reason for gold falling was primarily the unprecedented steps taken by the US Central Bank to swell the nation’s money supply. Another reason was the way in which gold has responded to interest rates.

But the question we wanted to know is where does gold go next? Economists are wary of gold returning to its glory days with predications that the precious metal will continue to fall south. Mike was able to give us insight into why the precious metal had such a terrible quarter, and whether or not it can bounce back in the next quarter.