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JUL 14, 2014 - TheStreet

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Why Allied Nevada Gold (ANV) Stock Is Down Today

NEW YORK (TheStreet) -- Allied Nevada Gold was falling -6.1% to $3.68 Monday after August gold futures fell 2.2% to $1,308.10 an ounce. The drop is the biggest one day drop since December according to MarketWatch. Physical demand remained short of expectations Commerzbank commerce strategist Eugen Weinberg told the publication. India's continued 10% import duty on gold and silver will likely dampen future gold demand expectations from the country, according to the strategist. In a recent note to investors Barclays said it expects gold to drop to $1,200 an ounce by the third ... Read More

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