Gold hit a two-year low on two-year of $ 1,920 per troy ounce . Investors fear gold 's 2011 -long bull run is now over . `` We took some lumps as gold declined , '' he admitted in the letter . The precious metal hit a record price of $ 1,920 a troy ounce in Monday . Better economic conditions in U.S. and Mr Rose have stifled demand for gold as safe haven .
Gold hit a two-year low on two-year of $ 1,920 per troy ounce . Investors fear gold 's 2011 -long bull run is now over . The precious metal hit a record price of $ 1,920 a troy ounce in Monday . Better economic conditions in U.S. and Mr Rose have stifled demand for gold as safe haven .