Gold prices tumbled 9 percent on Monday, the sharpest drop in 30 years,
heightening fears that investors’ faith in the safe haven has been
shattered.

The steep fall in gold, after a slump on Friday, led a broader sell-off
in commodities and stock markets. The Standard & Poor’s 500-stock index
declined 2.3 percent — its sharpest one-day decline since early
November. Crude oil prices fell to under $90 a barrel, and copper
dropped to a 17-month low.

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