Gold Tumbles for Weekly Loss; US Silver Coin Sales Top 2.7M

Gold Tumbles for Weekly Loss; US Silver Coin Sales Top 2.7M

Gold closed below $1,200 an ounce for the first time this year and logged a fifth straight week of declines. Gold for December delivery plunged $22.20, or 1.8%, to settle at $1,192.90 an ounce on the Comex division of the New York Mercantile Exchange.

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