Gold stocks down after bullion crashes in New York

THE gold world is holding its collective breath after a devastating one-hour burst of selling in New York delivered the biggest fall in the price of the precious metal in more than six years.

Gold stocks down after bullion crashes in New York Gold stocks down after bullion crashes in New York Gold stocks down after bullion crashes in New York Gold stocks down after bullion crashes in New York Gold stocks down after bullion crashes in New York

Just after midday on Friday the bottom fell out of the gold market as dealers drove the price from a seemingly steady US$383 an ounce to US$367 before a last-minute “rally” to close around US$370.

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