Gold Falls To Less Than $1,600 For First Time Since July (GLD, EUO, FXA)
Richard Rittorno: Gold fell another 2.8%, closing at less than $1,600 an ounce for the first time since July. The metal continued its decline today, after posting the worst week of trading since 1983 last week, as large institutions and hedge funds fled the metal to raise cash. The Comex gold contract closed down $45 at $1,592.50 an ounce. Read more…
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