25.06.2013 - Selloff hits precious metals
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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