According to Business Insider, the price of gold hit its lowest level of the year.<br />Gold prices have fallen over 8-percent in the last three months, but the latest loss brought the price down to $1,226 per bar.<br />According to Simona Gambarini with Capital Economics, the US dollar's growing strength is partly to blame.<br />But the commodities economist added that the largest consumers of gold, like China and Turkey, have slowed their purchasing as well. <br />
