As of Thursday's close, the price of gold has fallen nearly 23% in the second quarter, setting up the yellow metal for its worst quarterly loss since President Nixon ended the dollar peg in August 1971. In the following video, Fool contributor Alex Dumortier explains the reasons behind this decline and provides investors who own physical bullion, the SPDR Gold Shares (GLD +1.14%), or the Market Vectors Gold Miners ETF (GDX +3.50%), with a clue to the question that is now at the top of everyone's mind: How much lower can gold fall?
How Much Lower Can Gold Fall?
By Alex Dumortier, CFA – Jun 30, 2013 at 3:30PM
NYSEMKT: GLD
SPDR Gold Trust
Market Cap
$0.0M
Today's Change
(1.14%) $4.13
Current Price
$366.45
Price as of November 5, 2025 at 3:58 PM ET
This correction isn't over yet.
About the Author
Alex Dumortier writes a twice-daily column covering topical subjects from a contrarian, value-oriented perspective; he also co-authored 'The Astonishing Collapse of MF Global'. He received his degree in Economics and Political Economy from Princeton University and began his career in the City of London.
After having lived in several capital cities, Alex now resides in Washington, D.C.. When he is not reading or writing, Alex likes to run and practice Bikram yoga (a form of "hot" yoga.)