Gold loses shine with biggest one-day decline in more than 30 years
Tuesday, April 16, 2013 2:24
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NEW YORK: Gold had its biggest one-day drop since 1983 on Monday as a selling frenzy that began last week picked up speed.
The price of gold plunged $140.30 to $1,361.10 an ounce, a decline of 9%. The metal has dropped $200 an ounce, or nearly 13%, in the last two trading days. It’s the lowest price since February 2011.
