Gold prices fell yesterday, on track to post their biggest single-day decline since 1983, while silver prices fell by about 30%, on track for their worst single-day decline on record.
Gold fell 9.5% in immediate trading to $4,883.62 an ounce after hitting a record high of $5,594.82 on Thursday.
U.S. gold futures for February delivery fell 11.4% to $4,745.10 at settlement.
silver loss
Among other metals, the price of silver in spot trading has fallen approximately 27.7% to $83.99 per ounce from previously reaching $77.72. Platinum also fell 19.18% to $2,125 an ounce, while palladium fell 15.7% to $1,681.
Gold prices fell today, on track for their biggest single-day decline since 1983, while silver prices fell by about 30%, on track for their worst single-day decline on record.
Gold fell 9.5% in spot trading to $4,883.62 an ounce after hitting a record high of $5,594.82 on Thursday.
U.S. gold futures for February delivery fell 11.4% to $4,745.10 at settlement.
silver loss
Among other metals, the price of silver in spot trading has fallen approximately 27.7% to $83.99 per ounce from previously reaching $77.72. Platinum fell 19.18% to $2,125 an ounce, while palladium fell 15.7% to $1,681.
