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Gold collapses as speculators panic

Posted on 2012-11-13, By A-Best Staff

ResourcexInvestor(Editorial) reports spot gold fell again in London as US crude oil fell.

Western European stock prices rose meantime in early trade, averaging 0.8% gains despite this week’s clear signals of economic recession ahead.

Versus the almighty US Dollar, the British Pound slumped 0.8% to its lowest level since July 2007. The European single currency fell to a fresh five-month low beneath $1.4700.

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