Gold has been on a wild ride of late. Last week it plunged below $1,600 an ounce for the first time in seven months. In the past few days it has regained the lost ground, but is still 5% down for the year and almost 20% below its record peak above $1,920, set in August 2011.
The yellow metal's lack of momentum in recent months has brought out the bears. Citigroup now says that the 12-year bull market is probably over. Technical analysts have also been rattled by the appearance of a death cross' in the gold charts.
What the commentators said
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