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Gold prices tumble as oil collapses after OPEC decision

Gold prices fell sharply in electronic trading on Friday, in tandem with collapsing crude-oil prices after OPEC decided to leave its production targets unchanged. Gold for December delivery GCZ4, -0.16% slid $12.80, or 1%, to $1,183.80 an ounce, while silver for the same month SIZ4, -0.15% dropped 46 cents, or 2.9%, to $16.12 an ounce. Copper prices for December delivery HGZ4, -0.81% fell 3 cents, or 1%, to $2.93 a pound. January platinum PLF5, +0.26% was down $14.30, or 1.2%, to $1,214.10 an ounce, while December palladium PAZ4, +0.53% was off 60 cents to $801 an ounce.

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