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Gold price slump hits ASX miners

Goldmining stocks have been smashed after the precious metal fell below $US1200 for the first time this year.

Jared Lynch
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Goldmining stocks have been smashed after the precious metal fell below $US1200 for the first time this year.

Strong US jobs data on Friday fuelled expectations that the US Federal Reserve will start hiking interest rates soon, sparking a 2 per cent slump in the gold price that took it to a four-year low.

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    Original URL: https://www.afr.com/markets/commodities/gold-price-slump-hits-asx-miners-20141006-jlu3c