Gold Rout Pushes Gold Miners To Lows; Balance Sheets StressedRupert Hargreaves
Gold mining stocks have been pummeled this year as the industry, which is still trying to de-leverage, has been caught off-guard by a sliding gold price.
The price of gold plunged by as much as 4% to five-year lows on Monday after a sudden bout of selling across Shanghai and New York markets in the early hours of trading triggered a mini flash crash. The price of the yellow metal has remained under pressure for the past 24 hours and is currently trading at . . .
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