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Gold Is Getting Slammed

Matthew Boesler   

Gold Is Getting Slammed
Stock Market1 min read

Gold is having a rough morning.

Right now, the metal is down 2.2%, trading right around $1339 an ounce.

The metal rose as high as $1375 this week after the Federal Reserve surprised markets with its decision not to begin tapering the pace of bond purchases it makes under its quantitative easing program.

Now, it looks like it's headed back down the other way.

The chart below shows trading in the metal this week.

gold

Thinkorswim

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