Gold Price Crumbles On Recovery Hopes

Since the 2008 economic meltdown many investors have been flocking to gold as a hedge against currency inflation, and a safe store of value in a volatile trading world. It’s worked so far, but the price of gold fell below $1600 today for the first time since August.

Some are now questioning if the metal’s price is finally ready for a correction?

The fall in the price of gold came after Ben Bernanke, chairman of the Federal Reserve, said that the U.S. economy was recovering. Economic recovery means that gold is no longer needed as a safe...