Gold plunges to lowest in more than two years

Gold plunges to lowest in more than two years

An employee of Deutsche Bundesbank tests a gold bar with an ultrasonic appliance during a news conference in Frankfurt in this Jan. 16, 2013, file … The price of gold plunged $ 120, or 8 percent, to $ 1,381 an ounce as of noon (1600 GMT). The price …
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Gold takes steep plunge

A Deutsche Bundesbank worker tests a gold bar with an ultrasonic appliance during a news conference in Frankfurt in January. REUTERS/Lisi Niesner … Gold dragged other metals lower as its price plunged to a more than two-year low. Brent crude fell …
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The Federal Reserve's rule isn't all that golden

The case holds a 99.9 percent pure gold bar weighing 401.75 troy ounces. Minted in 1952, when the price of gold was $35 an ounce, the bar was worth about $14,000. In 1978, when this bank acquired the bar, the average price of gold was $193.40 an ounce …
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