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Gold stocks crash as gold bullion swoons

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

Mineweb(Editorial) reports gold stocks fell with a loss of market value by 162.

Gold bullion fell decisively below USD 800 an ounce on Friday, moving as low as USD 772.98, before staging something of a recovery, to quotes around USD 786 during the later morning in Johannesburg. The metal’s decisive downward move, accompanied by negative moves in other precious metals, and other metals, and oil, was directly inverse to the resurgent dollar.

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