Improved bailout prospects, as well as US interest rate expectations and news of increased reserves in China, send price down to levels last seen in March 2010The gold price fell to its lowest for more than five years as the precious metal was buffeted by the deal to avert a Greek bankruptcy, a potential US interest rate increase and a sharp sell-off in China.Gold encountered a wave of selling in Asia that drove it down almost 4% to as low as $1,088 an ounce before recovering slightly to $1,114. The last time gold traded at that level was March 2010. Continue reading...
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