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Precious metals slide as stock markets extend losses
May. 20, 2010 10:36AM PST
Precious Metals InvestingOn Thursday, Gold slipped and platinum and palladium tumbled to three-month lows as a decline in equities and volatility in the currency markets prompted investors to cash in gains in precious metals.
On Thursday, Gold slipped and platinum and palladium tumbled to three-month lows as a decline in equities and volatility in the currency markets prompted investors to cash in gains in precious metals.
The press release is quoted as saying:
Spot gold was bid at $1,187.35 an ounce at 1524 GMT (10:24 a.m. EDT), against $1,190.75 late in New York on Wednesday. U.S. gold futures for June delivery on the COMEX division of the New York Mercantile Exchange fell $4.50 to $1,188.60 an ounce.
