Gold prices have suffered their sharpest fall since the 1980s, heightening fears among investors that the precious metal’s decade-long bull run has ended.
Spot gold prices tumbled more than $100 an ounce – 8.7 per cent – in a few hours yesterday amid a rout in metals markets, while silver fell 11 per cent.
Faltering European demand and weaker than expected Chinese economic data depressed oil prices, pushing Brent crude down by 3 per cent to $100.02 a barrel, a nine-month low.
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