Ask an expert: What's behind gold's fall?
MSN Money's Charley Blaine discusses what caused recent fluctuations in the precious metal.
In the video below, MSN Money's Charley Blaine discusses what caused recent fluctuations in gold prices and if there is an opportunity for investors.
Gold has always been regarded not only as inflation hedge, but also as a hedge against anything that could potentially have a negative global impact. With much of these forces no longer a threat, gold (GLD) could continue to decline, says Blaine.
Gold futures shot higher on Monday after data showed that managed money, such as hedge funds and commodity trading advisors, took advantage of the sell-off and increased their long gold positions (MarketWatch). The sell-off has also apparently pushed up purchases of physical gold.
Still, for now, Blaine recommends a very cautious approach to gold and related investments.
The discussion about gold prices continues over at MSN Money's Facebook community.
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