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Gold Price Rips Lower After Massive Selloff as Dollar Spikes, Dow Hovers Near All-Time High

Gold plunged 1.5% on Tuesday as risk-off assets suffered. U.S. services PMI improved more than expected in October, according to the Institute for Supply Management. U.S. dollar hits three-week high against a basket of currencies. The price of gold plunged on Tuesday, wiping out more than a week’s worth of progress as keener appetite for…