Gold Continues Plunge

Looks like gold may have lost its Midas Touch. On the back of disappointing news out of China (gold’s second-largest buyer), gold continued to fall on Monday—by more than 9 percent. In percentage terms, Monday's decline is gold's biggest in 30 years. The end may be in sight however, as analysts do see the slide stopping in the summer thanks to restocking in India, the world’s largest consumer of gold.