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August 18, 2008
Gold traders seemed to think so as they took the yellow metal below US$800 an ounce last week, at one stage touching a low of US$744 an ounce. That’s the first time this year gold has been below US$800 an ounce, and some see that as a significant development. . Precious metals were not the only commodities to be hit, as most base metals came off as well, with the exception of nickel, which rose US$500 to close at US$19,050 a tonne. That was the exception though. Copper fell US$190 to...
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