More downside for gold

THE sell-off of gold miners has continued on the Australian Securities Exchange this morning, with ANZ Research saying further downside for gold is apparent in the near-term.

More downside for gold More downside for gold More downside for gold More downside for gold More downside for gold

Gold slumped below $US1300 an ounce on Thursday, its lowest point since 2010, on the back of news from the US Federal Reserve suggesting an earlier than expected end to stimulus measures.

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