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Gold meltdown as metal prices collapse ahead of Fed rate hike

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Gold has hit February 2010 lows, with other precious metals collapsing amid widespread market capitulation. Silver is at 2009 lows while platinum has retreated to financial crisis levels.

With just two weeks to go before a widely expected rate rise from the Federal Reserve the Gold price could fall even further as speculative interest in USD still has potential.

Saxo Bank's Head of Commodity Strategy Ole Hansen assesses gold price performance and looks at possible market reversal timing.