Posted by: youngragingbull | April 15, 2013

Gold records biggest drop in 3 decades

Gold futures logged their biggest decline since the 1980s as a sharp selloff in the metal continued into a second straight session.

June gold sank $149.10, or 9.93%, to settle at $1,352.30 an ounce on the Comex division of the New York Mercantile Exchange — the biggest one-day percentage drop since at least February 1983 and largest one-day dollar drop since January 1980.

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