9:54am: Gold has fallen below $US1200 for the first time in nearly three years, as month-end book squaring and relentless liquidation by institutional investors sent bullion prices sharply lower. Gold reversed early gains in New York trade, and the slide accelerated with stop-loss orders triggered after the price fell below $US1225 an ounce to $US1199.51, down 2.1 per cent. Its session low of $US1197.1 an ounce was its lowest since August 12, 2010. Gold has slid nearly $US200 an ounce in 10 days. It is...
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