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Commodities Briefing - Categorized | Bullion/Gold, Market Moves, Metals and Minerals more

Selloff hits precious metals

Posted on 25 June 2013

Gold, silver and platinum slumped to multiyear lows as investors dumped the precious metals on the belief that rising U.S. interest rates and a cash crunch in China would limit demand.
The most actively traded gold contract, for August delivery, fell $14.90, or 1.2%, to settle at $1,277.10 a troy ounce on the Comex division of the New York Mercantile Exchange. Silver for July delivery fell 2.3% to settle at $19.493. Both settlements were the lowest since September 2010………………………………………..Full Article: Source


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