Unsicherheit über Fed-Politik: Massiver Einbruch beim Goldpreis

The prices of gold and silver declined sharply again on Wednesday. The price of gold is heading for the biggest quarterly loss since 1920.

The price of gold fell on Wednesday temporarily to $ 1,224.3 per ounce (940.4 EUR). That's a drop of nearly 4 percent the previous day. Silver fell from time to $ 18.61 (€ 14.30) - a decline of about 5 percent. The prices of gold and silver are now at their lowest level in August 2010.

About the second quarter, the gold price has dropped by 23 percent , reported Bloomberg . It would be the worst quarter since 1920. Silver has already lost 34 percent in the second quarter.

Shares of Barrick Gold, the largest gold producer in the world, has declined by 4 percent on Wednesday. Also, the rates of other gold producers fell significantly.

Ben Bernanke had said last week that the Fed might not this year its bond purchase program to go back and maybe even finish this mid-2014 ( here ).However, a prerequisite for a withdrawal of the flood of money is a good economic development , Bernanke said.

On Tuesday now actually came about rachend good unemployment figures from the U.S., so that one end of the bond purchase program is considered likely. That means less cheap money for investment. One end of the flood of money would begold to hedge against inflation also make less necessary, which could explain the price drop.

But the investor Marc Faber believes Bernanke Announcements (no longer here ).The extreme money printing the Fed will continue with safety. Michael Mross also said that the central bank is nothing left to the next print. He said the decline in prices for gold with the impending banking crash in China, and with distress sales by hedge funds that are in trouble.

But commodities recorded price declines on Wednesday. Copper lost 0.8 percent.The price of oil fell by 0.5 percent. The quarterly loss on oil now amounts to 2.5 percent.

The major stock indices in Europe are significant gains on Wednesday . This could be because that ECB President Mario Draghi announced on Tuesday that the money printing in the euro zone continues (more here ). The Japanese Nikkei closed on Wednesday with a loss of about 1 percent.

European government bonds were the first time in a week back in positive .This gives the ECB a breather, because if rates rise very, Draghi could be forced to start the announced asset purchases (OMT) (more here ).

Credits: bild.de