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Gold slumps on easing oil price

GOLD took a hammering overnight, dropping around 4% to $US575 per ounce, prompting analysts to po...

Jesse Riseborough
Gold slumps on easing oil price

Since hitting a 26-year high of $732/oz on May 12, the spot gold price has waned on the back of an increasing correlation with the falling oil price. Analysts Gavin Wendt of Fat Prophets and Tobin Gorey...

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