U.S. stocks closed essentially unchanged on the day after Thanksgiving, with the Dow Jones Industrial Average and the S&P 500 down 0.1% and up 0.1%, respectively. Gold was more active, however, falling to a six-year-plus low, with the SPDR Gold Shares down 1.2% on higher than average volume.
The blue line tracks the inflation-adjusted price of gold since August 1971, expressed in November 2015 dollars. The green line marks the average of that series, which is just shy of $800. In other words, a 25% drop in the price of gold from its current level is far from unthinkable. In that context, a goose egg would be a good result for gold's performance in 2016 -- and that's no golden egg.
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The article Gold Falls to a 6-Year Low, but Could Fall Another 25% originally appeared on Fool.com.
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