October Gold News 2017

Thirty years ago,  Black Monday was the biggest stock market fall since the crash of 1929. It began in Far Eastern markets and was exacerbated by the use of programmed trading mechanisms. By the end of October some markets had seen falls of 45.5%. After initially soaring to £365 an ounce, gold then fell to £351, as investors sold whatever they could lay their hands on to raise funds.

By 10.30am,  October 24th, the gold price had £969.96 an ounce. Earlier, Gold prices dropped and hit its lowest in over two weeks. The drop comes amid hopes that some elements of ...