Why the gold price is dropping now ?

I wondering what is the reason behind the gold price drop ? Whether i can purchase some gold as savings now or wait for some more drop in price ?

Public Comments

1. Because those damn leprechauns keep taking all me gold!
2. It would seem that some are cashing out on gold as it has it an all time high, in order to parlay that money into the stock market.
3. Overstock.com is my site
4. The price of gold dropped because the US dollar saw a large jump. I would not advise you buy gold now if you plan to hold it for more than a year, but if you plan to trade it, good luck!
5. The recent jobs report showed there were fewer jobs loses. Gold is seen as the alternative currency to the Dollar.
6. Buy now. The price of gold will only continue going up. Some analysts predict it will hit $2000 in 2010. It will have days (like Friday) where it has a huge drop, that's normal.
7. think about it.....Gold is dropping a bit now , till price 1100 you may buy the gold if you are looking for 1% to 10% per month, you can visit myfxfunds.com for more info