How Low Can Gold Go?

Gold prices have reached their lowest level since July 2010, dropping below $1200 an ounce. Factors such as the rise in US GDP, the end of quantitative easing, and a stronger dollar have diminished gold's appeal as an inflation hedge. Analysts predict further declines, with some forecasting prices to fall to $1000 due to tumbling oil costs. The video discusses these economic factors and market predictions, highlighting insights from commodity research teams.

Who is Edward Meir and what is his perspective on gold's current situation?

How much has gold fallen in percentage this month according to the text?