Gold Hovers at Five Year Low

[BECKHAM]

All that glitters is not gold these days as the precious metal hit its tenth straight day of losses Wednesday. Gold has had a steady decline over the last few weeks and has fallen to a new 5-year low of $1100 after a round of roller coaster rides that took it as high as $1160 an ounce and erasing half of the gains from a 12-year bull rally that ran from 1999 to a record high close of $2000 in September 2011.

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