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Gold’s rally crashes in the biggest sell-off in over 10 years
On Wednesday, gold prices gained slightly after the precious metal’s impressive rally came to an abrupt halt on Tuesday, when prices dropped by more than 5%. The fall in the price of gold, which is considered a safe-haven asset during times of uncertainty, came as investors took profits from a record-breaking rally and as Chinese and American officials are set to meet again for more trade talks. Gold was last trading at $4,141.48 per troy ounce at 1:46 am ET on Wednesday, up less than 0.4%. On Tuesday, spot gold fell by as much as 6.3% to $4,082.03 a troy ounce, after it reached a record-high of $4,381.21 on ... (full story)