Gold Ends Monday 2.8% down as Stocks Slide

Source:

"The gold price traded slightly lower in Asia and London on Monday, but it then plummeted for most of New York trade and ended near its low of $912.20. . ."

The gold price traded slightly lower in Asia and London on Monday, but it then plummeted for most of New York trade and ended near its low of $912.20 with a loss of 2.8% for the day.

Silver traded about 1% lower in Asia before it rose in London, seeing a gain of seven cents a little after 09:00 EST in New York, but silver then fell back off for most of the rest of trade and ended near its low of $12.879 with a loss of 3.2%.

The gold price in Euros fell to about 725, platinum lost $8 to $1058, and copper fell roughly 5 cents to about $1.63.

Gold mining and silver equities fell over 3% in the first hour of trade and remained at about that level for the rest of the day.

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