Gold falls by more than $80 per ounce as markets panic
Gold, usually considered a safe haven for investors in times of economic crisis, plunged in value at the Comex in New York and continued falling to hit a one-day low of $1560.40, down by more than $80 from the previous day. 55 million ounces of gold were sold on the market as the price climbed back up beyond $1600 to decline by $70 again.
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