| Global commodity prices continued their decline as December started. Gold dropped $25 in the Asian session to trade at 1150.50 while silver fell below the 15 level to trade at 14.922 down by 634 points. Platinum gave up $18.55 to reach 1192.75. Last week, gold prices traded lower on falling crude oil prices coupled with the strength in the dollar index.
The inflation hedge appeal of the yellow metal has been declining with falling oil prices. Holdings in the SPDR gold trust fell 2.1 tonnes to 718.82 tonnes, near six-year lows. Low volumes on account of U.S. Thanksgiving holiday (Last Thursday) and a key Swiss vote on bullion holdings kept prices stable though...............................................Full Article: Source
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