Gold and silver prices fell sharply on Wednesday as the dollar soared in the wake of the U.S. midterm elections, and the market bemoaned the lack of Asian buyers.Trading around four-year lows, gold for December delivery GCZ4, -0.21% shed $22, or 1.9%, to settle at $1,145.70 an ounce, marking its sixth straight loss.
December silver SIZ4, -0.64% stumbled 51 cents, or 3.2%, to $15.44 an ounce. It had earlier traded at $15.40 per troy ounce level, its cheapest since February 2010, said a Commerzbank analyst.
No comments:
Post a Comment