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Gold price plunge comes amid loss of appeal
Gold is out of fashion like flared trousers: no one wants it, says one analyst
An improving US economy has spurred a shift in sentiment, driving bullion into a bear market in April 2013.
PHOTO: REUTERS
London
THE problem for gold isn't just that prices are dropping. For many, the metal also has lost its charisma.
Sentiment means a lot in the bullion market, where only about 60 per cent of what gets mined or recycled each year is used in jewellery and industrial applications. The...
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