Gold prices fell more than 2 per cent in a five-day losing streak. An overnight fall in the gold price below $US1400 ($1416) an ounce sparked a sell-off of local mining stocks, as commodities slipped on weak global economic data and a strengthening US dollar.
A sharp drop in the gold price for the second time in a month rattled
fourth-largest mineral export industry, with gold producers making up seven of
the top 10 losers on the ASX200 on Thursday. Gold fell to $US1375 an ounce late on Thursday, sinking more
than 2 per cent in a five-day losing streak that saw it hit two-year lows….