Gold’s Peak Seen Over by Coutts on Outlook for Dollar, Inflation

Gold’s Peak Seen Over by Coutts on Outlook for Dollar, Inflation

Guenter Schiffmann/Bloomberg

Gold plummeted 14 percent in the two days through April 15, the worst decline since 1983. While the price has rebounded from a two-year low on April 16 as coins and jewelry demand from the U.S. to China and India increased, bullion is about 6 percent below the level that preceded the rout.