The collapse in prices will hurt investors with large gold holdings such as John Paulson , the hedge fund manager who made billions betting against the US housing market during the financial crisis . Gold hit a two-year low on Monday of $ 1,355 per troy ounce . Investors fear gold 's decade-long bull run is now over . Comment: Better economic conditions in U.S. and Eurozone have stifled demand for gold as safe haven .
Gold hit a two-year low on Monday of $ 1,355 per troy ounce . Investors fear gold 's decade-long bull run is now over . Comment: Better economic conditions in U.S. and Eurozone have stifled demand for gold as safe haven .