Spot gold traded below $1,600 for the first time since late July on Monday

Spot gold shed 3.6 percent to $1,597.89 an ounce on Monday, trading below $1,600 for the first time since late July, as investors dumped precious metals for the perceived safe haven in the dollar and treasuries.
U.S. gold GCcv1 also fell below $1,600, trading down 2.6 percent to $1,597.8 an ounce. – Reuters

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Posted by VBN on Sep 26 2011. Filed under Gold. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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