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Gold tumbles to five-year low

Jul. 20, 2015 2:34 AM ETGLD, IAU, GTU, DGL, DGP, DZZ, DGZ, UBG, UGL, GLL, SGOL, PHYS, AGOL, UGLDF, DGLDF, OUNZ, GYEN, GEUR, GLDI, QGLDXBy: Yoel Minkoff, SA News Editor12 Comments
  • Gold prices continued falling today, hitting a more than five-year low early in the session, amid growing expectations for a U.S. interest rate increase that has boosted the dollar.
  • Over the weekend, China also disclosed an update on its gold reserves for the first time since 2009 that was far lower than analysts expected.
  • After plunging 4.2% to $1,086.18 an ounce, bullion for immediate delivery is now trading down 2.3% at $1106.40.
  • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, GEUR, UBG, GYEN, QGLDX

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