Precious Metals

USA Today reported that gold continued its downward spiral on Monday, entrenching itself in bear market territory, as the precious metal dipped below the crucial $1400 an ounce territory

USA Today reported that gold continued its downward spiral on Monday, entrenching itself in bear market territory, as the precious metal dipped below the crucial $1400 an ounce territory.

As quoted in the market report:

The 27.3% drop from its all-time high puts in deeply in bear market territory. It is gold’s worst bear market drop since a 39% plunge Jan. 2, 1996 through Aug. 25, 1999, according to Bespoke Investment Group. The average gold bear market has sliced nearly 32% off gold’s price, according to Bespoke.

To view the whole USA Today report, click here.

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Markets
TSX20179.81+187.93
TSXV680.49+7.47
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ASX7032.50-38.50

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Commodities
Gold1801.89+0.36
Silver20.82+0.02
Copper3.68-0.03
Palladium2224.19+14.20
Platinum965.47+2.48
Oil91.88-2.46
Heating Oil3.51+0.03
Natural Gas8.78-0.09

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