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Gold Is Getting Slammed

Matthew BoeslerSep 20, 2013, 20:11 IST

Gold is having a rough morning.

Right now, the metal is down 2.2%, trading right around $1339 an ounce.

The metal rose as high as $1375 this week after the Federal Reserve surprised markets with its decision not to begin tapering the pace of bond purchases it makes under its quantitative easing program.

Now, it looks like it's headed back down the other way.

The chart below shows trading in the metal this week.

Thinkorswim