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Gold suffers worst year since 1981

--黄金价格遭遇自1981年最差的一年

难度: 四级  |  词数: 122  |  更新日期: 2014-01-02  |  文章来源: telegraph.co.uk
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The price of gold endured its worst year since 1981 as the US economy improved, inflation remained at bay and worries about the financial system and gridlock in Washington faded.

Gold slumped by 28pc in 2013. The price peaked at $1,900 an ounce in August 2011 and has been declining steadily ever since.

Traders had bid the price of gold higher partly out of fear that the Federal Reserve's aggressive easy-money policies would lead to inflation and weaken the US dollar. When that didn't happen, demand for gold fell.

On Tuesday, the actively traded February contract for gold dropped $1.50, or 0.1pc, to $1,202.30 an ounce.

Silver for March delivery declined 24.5 cents, or 1.2pc, to $19.37 an ounce. Silver also had a bad year, falling 36pc.

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词组意思:

  • at bay (猎物)被围困,被逼作困兽之斗
  • ever since 自从那以后
  • out of 1) 从...出来 2) 离开(某处),不在内; 在外 3) 缺乏(某物); 无
  • the Federal Reserve (美国)联邦储备系统,美联储
  • lead to... 1) 导致..., 造成... 2) 通向..., 通往...
  • US dollar 美元,美金

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