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Gold miners hit by ETF moves

Posted on 17 September 2013

Four miners has been expected to be picked up by a $6.4bn tracker fund. The conspicuous falls suffered by a clutch of precious metals miners today served to highlight the influence exchange-traded funds wield on the London stock market.
Silver and gold producer Fresnillo recorded the biggest drop in the FTSE 100 and slid 153p, or 12.8pc, to £10.45. In the FTSE 250, Hochschild Mining lost 38.6 to 237.4p, a 14pc fall; African Barrick Gold declined 20.3 to 143.9p and Polymetal International cheapened 50 to 659½p………………………………………..Full Article: Source


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