Gold drops as investors look for safer havens
The price of gold has climbed steadily in recent years, topping out at about $1900 U.S. an ounce, which was good news, obviously, for people who live in a gold-producing region like the Yukon.
It's because investors view the metal as a safe haven, we have been told, and as long as the stock markets roil with uncertainty, the price of gold would remain high.
That hasn't come to pass. Gold has tumbled in recent days, and some investors say the price has yet to find bottom.
Ian Lee teaches economics at the Sprott School of Business at Carleton University.
Click on the link below to hear him speak with Dave.