31.10.2014 - Precious Metals Take a Beating on Fed Worries
Gold prices slid to the lowest level in nearly a month on Thursday and other precious metals fell sharply, as hawkish comments from the Federal Reserve and strong U.S. economic data indicated the central bank could raise interest rates sooner than expected. Gold for December delivery, the most actively traded contract, closed down $26.30, or 2.2%, at $1,198.60 a troy ounce, on the Comex division of the New York Mercantile Exchange. It was the contract's first settlement below $1,200 an ounce since Oct. 3. Silver fell to a 4½-year low, tracking gold lower...............................................Full Article: Source
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