Why Gold Prices And Miners Stocks Are Melting
Gold prices and gold mining stocks collapsed Thursday as the World Gold Council reported that global gold demand fell sharply in the third quarter from the year-ago period because of global weakness, high prices and slower demand from China. Gold market watchers expect prices to fall much further before finding a floor. In midday trade, spot gold prices sank 0.69% to $1,716.60 an ounce. SPDR Gold Shares (GLD), tracking a 10th of an ounce of
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