You are here

Slumping gold price seems primed for further fall

Market players say the yellow metal remains overvalued - the ratio to silver is at a 5-year high and to crude oil, a 17-month peak

One ounce of gold is fetching more than 74 ounces of silver, the most since March 2009.

New York

AS bad as the rout has been in gold this year, it keeps getting more expensive relative to silver. The ratio, now at the highest in five years, is of concern to gold investors because it may signal more declines.

"Gold is overvalued to silver," Yoni Jacobs, the chief