Gold drops 23pc from record high, miners drag ASX lower | Finance Report | ABC NEWS

The price of spot gold has plummeted by around 23 per cent since its January record high. It coincides with central banks such as the Federal Reserve indicating that US interest rates are likely to rise this year.
Meanwhile, BHP has revealed its flagship Canadian potash project is $6.7 billion over budget. This led a huge fall in the mining giant's share price and weighed heavily on the Australian share market. Presented by David Chau.
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