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by Stockwatch Business Reporter
New York spot gold took a breather from its one-month rally today, dropping $9.10 to $3,855.70 at its afternoon catnap. Remember that bullion flatlined around $3,350 from early spring through midsummer. Remember, too, that gold turned bearish late last year, as investors expected President Trump to do wonderful things for the economy. Unfortunately, he began prattling about tariffs early on, and since then his administration has done everything possible to make bullion great again.
The market deemed Canada's gold miners to be ahead of themselves, so there were stumbles as the TSX Venture Exchange fell 3.38 points to 955.09 and the TSX gold index lost 1.80 points to 740.60. West Red Lake Gold Mines Ltd. (WRLG) quietly dropped four cents to 95 cents on 8.02 million shares, and Starcore International Mines Ltd. (SAM) fell 4.5 cents to 41 cents on 533,000 shares, also in silence. Mind you, a few carried on higher: Allied Gold Corp. (AAUC), for instance, added $1.19 to $25.65 on 1.36 million shares.
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