Gold Market Slumps

17074867809_a93fdf2400_zThe gold market just hit a 5 year low price.

The slump is thought to be triggered by heavy selling overnight and signs Chinese demand may be weaker than expected.

Prices plunged by as much as $40 an ounce in minutes when Asian markets began trading around 9.30 pm ET on Sunday, before stabilizing in European trade, so people prefer to invest when the market is low, with gold companies found online as in best gold ira reviews.

Gold bugs have been scared off recently by expectations that the Federal Reserve will hike interest rates for the first time in nearly a decade.

Find out more at CNN Money.

Photo courtesy of: James St. John