Biggest drop in gold price for 30 years reported

Biggest drop in gold price for 30 years reported
 

Gold price has suffered its biggest one-day fall in three decades, diving through $1,400 (£913) an ounce as investors faced with a bear market turned to panic selling. In New York, gold for June delivery went as low as $1,355.50, marking an intraday fall of 9.7pc - the steepest in percentage terms since a 9.6pc loss seen in February 1983.

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