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There Goes Gold ...

Myles Udland   

There Goes Gold ...
Stock Market1 min read

And now gold is getting in the mix.

In morning trade on Tuesday, amid what has been a turbulent day in global markets, the price of gold was tumbling.

Near 11:00 am ET, gold was down around $1,188 an ounce, about $30 an ounce lower than it was earlier this morning.

Among the other big decliners on Tuesday as the Russian ruble, collapsing for the second day in a row to as low as 79 against the dollar. This latest collapse in the ruble comes after the Russian central bank last night unexpectedly raised interest rates 6.5%. 

Oil was also tumbling, with WTI crude falling below $54 a barrel and Brent crude falling below $59. 

And so gold's tumble was on a bit of a delay relative to some other volatile assets, but better late than never.

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