Gold has been regarded a fairly protected haven for economic investors throughout the current turmoil within the international economy. But this changed on April 12th, 2013 when a sharp two-day drop sparked a dramatic sell-off within the precious metal, bringing the cost down to $1200 from its all-time higher of $1920 recorded on August 11th, 2011.Gold prices have plunged pretty much a third this year, halting a 12-year run of gains. Bullion lost favor with institutional and retail investors as they braced for the U.S. Federal Reserve to lower its month-to-month $85 billion bond-buying plan, moving funds to equities along with other riskier assets.
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