Gold Prices, Financial Market Volatility
Aug. 24 (Bloomberg) -- John Hailer, chief executive officer for U.S. and Asia at Natixis Global Asset Management, Gary Townsend, chief executive
officer of Hill-Townsend Capital LLC, and George Gero, vice president for global futures at RBC Capital Markets, talk about today's drop in gold prices and volatility in financial markets.
Gold plunged $104 in New York, capping the biggest drop since March 2008, on speculation that financial markets may be stabilizing, eroding the appeal of the precious metal as a haven. Hailer, Townsend and Gero speak with Pimm Fox and Christine Harper on Bloomberg Television's "Taking Stock." (Source: Bloomberg)