Gold price tumbled, breaking below US$ 1200/oz for the first time since June as the US dollar soared after Fed’s tapering announcement. The benchmark Comex contract plummeted -3.21% and settled at 1195.3 Thursday. Crude oil prices rallied despite disappointing US data with the front month WTI contract jumping to a 2-month high of 99.49 before settling at 99.04, up +1.26%. The Brent crude contract added +0.60% during the day. Wall Street was mixed with the DJIA rising to a record high and gaining +0.07% during the day.
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Gold Slumped as USD Soared on Fed’s Tapering
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