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Gold falls record US$100

The drop in gold price was the worst since the 2008 banking crisis. — Reuters pic


NEW YORK, Sept 24 — Gold prices slumped more than US$100 (RM300) an ounce yesterday, the biggest fall on record in dollar terms, as traders sold to cover losses, while global stocks edged up on expectations the European Central Bank will take new measures to contain the euro zone debt crisis.

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