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Gold Plunges After Biggest Drop in a Decade as Rally Unwinds

From finance.yahoo.com

Gold fell, following its biggest plunge in more than a decade, and silver whipsawed in choppy trading after a dramatic pullback from record highs. Spot gold fell as much as 6.3% on Monday. Silver swung sharply, dropping to around $75 an ounce having earlier climbed as much as 3.2%. The white metal recorded its biggest ever intraday loss in the previous session. “This isn’t over,” said Robert Gottlieb, a former precious metals trader at JPMorgan Chase & Co. and now an independent market commentator, adding that a reluctance to take further risk would constrain market liquidity. “We’ve got to see if it’s going to find ... (full story)

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  • Category: Fundamental Analysis