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Selasa, 16 April 2013

Gold prices: biggest tumble in 30 years

Gold prices: biggest tumble in 30 years

Trying to explain why the price of gold is falling is a bit 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,

Gold companies big and small sold off on Monday and Tuesday as the prospect of central bank gold sales and fears that the U.S. might reduce monetary stimulus tipped spot gold prices off a ledge, to a more than two-year low around $1,300 an ounce. <GOL

Spot market gold prices fell to a two-year low below $1400 an ounce Monday morning, extending Friday's drop that took gold into bear market territory under the definition of a 20% fall from its peak. Silver fell as low as $23.11

authorities to meet miners, other stakeholders tomorrow. By Leonard Gildarie. A critical meeting is set for tomorrow between Government and miners to assess the fallouts from a worrisome drop in gold prices on the world

authorities to meet miners, other stakeholders tomorrow. By Leonard Gildarie. A critical meeting is set for tomorrow between Government and miners to assess the fallouts from a worrisome drop in gold prices on the world

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