Gold tumbles as profit-taking hits commodities

- January 4th, 2011

LA Times reports that Gold futures sank $44.10, or 3.1%, to $1,378.50 an ounce, the biggest one-day drop since July 1.

LA Times reports that Gold futures sank $44.10, or 3.1%, to $1,378.50 an ounce, the biggest one-day drop since July 1.
The market news is quoted as saying:

Gold was up for five straight months through December, but with Tuesday’s drop the price is back to where it was in late November.

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