Gold prices see largest plunge in 30 years
NEW YORK — The sense of calm in the financial markets was shaken Monday after the deadly explosions at the Boston Marathon.
Gold saw its one largest one day drop in more than 30 years. Some warned investors were too optimistic, making it vulnerable to any shocks.
And there were three Monday.
Investors who saw huge profits during the stock market's record-setting run were selling on Monday to hang onto those profits.
And other investors who bought gold to protect themselves from the volatility of the markets were hurt when the price dropped more than $140 ounce.