Precious metals slide as stock markets extend losses

- May 20th, 2010

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.

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.

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2 responses to “Precious metals slide as stock markets extend losses

  1.  Hi,

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  2.  Hi,

    I am Yasmine, a member of some financial communities. I came across your website:http://lithiuminvestingnews.com  and found it very informative and helpful. I would like to send you an article as a guest post (relevant to your site).

    It will be my pleasure if I can contribute some quality content. Please kindly let me know

    how and where should I send you the article.

    Waiting for your quick response.

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