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After soaring 55% this year, gold sees sharp correction

Gold prices fell sharply on October 21 (U.S. time), ending a relentless rally that had pushed the precious metal to record highs. On the New York Mercantile Exchange, December gold futures dropped 5.7% to $4,109.10 per troy ounce (31.1g), compared with Monday’s record spot close of $4,381.52. It was the steepest one-day fall in 12 years, according to the Wa..

BOK freezes rate for 3rd straight time
AsiaToday reporter Jeong Geum-min South Korea’s central bank has lowered its economic growth forecast for this year to 1.4 percent from 1.6 percent Th..

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