Billions wiped off gold mining stocks
Monday, April 15, 2013 0:31
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The gold price fell by as much as $73 in morning trade on Friday crashing through the $1,500 an ounce level and causing mayhem among gold mining stocks.
The gold price is down 10% this year and Friday’s sharp decline dragged it into official bear territory, defined as a 20% decline from a high ($1,909 intra-day in August 2011).
