Gold Prices Set To Slide As Much As $120, Expert Says.

Gold prices are set to drop as low as $1,800 a troy ounce as investors see potential for economic strength and bullion investors back off.

Our expectation is that it will be weak for the next few months and strength at the end of the year, says Jeff Christian, managing partner of commodities consulting company CPM Group in a recent video. He sees a likely fall to $1,800 over the near future but it is possible that it goes down further to $1,800.