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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Ilaine who wrote (104539)5/24/2001 12:54:02 PM
From: craig crawford  Read Replies (2) of 436258
 
Potential Russian sale rocks gold price in Europe

5/24/2001 12:03:00 PM
www2.marketwatch.com;

LONDON, May 24 (Reuters) - The price of gold plunged in afternoon trading in Europe after reports that Russian President Vladimir Putin was willing to sell part of Russia's gold reserves to help flood victims in eastern Siberia.

By 1510, spot gold <XAU> was indicated at $278.70, a spectacular fall from intra-day highs of around $287 and Wednesday's New York close of 283.50/284.00.

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