Gold,silver prices tumble to lowest since late 2010
Silver hit its lowest since August 2010 at $18.55 an ounce and was down 4.4 percent.
Written by Reuters
London |
1 min read
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Gold and silver prices tumbled to their lowest in nearly three years on Wednesday as investors liquidated precious metals after well-received US data fuelled fears the Federal Reserve would rein in its ultra-loose monetary policy.
Spot gold slid to its lowest since September 2010 at $1,233.05 an ounce and was down 3.1 percent at $1,237.36 an ounce at 0807 GMT. U.S. gold futures for August delivery were down $37.90 an ounce at $1,237.20.
Silver hit its lowest since August 2010 at $18.55 an ounce and was down 4.4 percent at $18.81 an ounce.
