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    Gold price extends losses – down $78 - MINING.com thumbnail

    Gold’s reputation as a safe haven in times of financial turmoil was tarnished on Friday as the growing panic about the spread of coronavirus infections outside China saw the precious metal suffer one of its worst one-day drops on record.
    Gold gapped down at the open on the Comex market in New York and kept declining hitting a day low of $1,564.00 an ounce in afternoon trade, down $78 an ounce or 4.8% compared to Thursday’s close. By the close the metal had recovered some losses, climbing back above $1,580.
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