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Gold Plunges Most in 33 Years in Record-High Trading
Photo Credit: Simon Dawson/Bloomberg
By Glenys Sim, Phoebe Sedgman & Debarati Roy
Gold plunged the most in 33 years amid record-high trading as an unexpected slowdown in China’s economic expansion sparked a commodity selloff from investors concerned that more cash will be needed to cover positions.
China’s economy in the first quarter grew less than forecast by economists, government data showed today.
