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Gold, Silver Miners Tumble in London as Precious Metals Fall

Gold and silver producers tumbled in London trading as the price of bullion slumped to a two-year low after entering a bear market last week.

Petropavlovsk Plc, a miner of gold in Russia, dropped 24 percent to 141.8 pence in London trading, the lowest in 10 years. Fresnillo Plc, the biggest primary silver producer, fell 15 percent to 1,080 pence, while Randgold Resources Ltd. declined 8.3 percent.