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This gold price fall is a bad omen
Trying to clarify why the price of gold is falling is a morsel like trying to say why lightning strikes one place but not another. We know the general principles involved, but beyond that it's mostly guesswork. Still, here are six theories,
In London the price was officially "fixed" at $1,395 per troy ounce, down 9.2% from Friday. Eight hours later on the New York market, the price for immediate delivery was down 9.1% from Friday at $1,365 an ounce. Most other commodity prices fell in
After a two-day bloodbath in the gold market, the future looks increasingly perilous and uncertain for an industry that was already facing major headwinds.
Gold prices bounced in trade from the largest one-day drop in 30 years amid signs that lower prices were luring buyers of bullion, coins and jewelry. Gold for June delivery, the most actively traded contract, rose $26.30, or 1.9%, to settle at $1,387.40 a
The facts in the public field do not justify the sharp fall in the gold price over the past two trading days. At the time of writing, the price per 100oz is $1363, down over $200 since Friday's commence. The scale of the sell-off was the worst in 30 years
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