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Gold Just Tanked

Jul 17, 2013, 20:31 IST

After spiking to nearly $1,300 in the wake of Fed Chairman Ben Bernanke's prepared remarks, gold is now tumbling.

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Economists immediate reaction to the the remarks was that Bernanke's message was dovish.

Minutes ago, Bernanke gave his semiannual testimony to the House Financial Services Committee.

The current gold sell-off started just before the Q&A began.

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