Gold price drops to 9-month low as ETF investors run for exits

By Frik Els

The gold price dropped another $25 on Wednesday, a second day of steep losses, bringing the yellow metal within shouting distance of a year low.

In afternoon trade gold was down 1.6%, changing hands for $1,550 an ounce, levels not seen since June last year.

Gold has now given up 7.4% of …read more