Gold plunged to a 34-month low, set for a record quarterly drop. Silver futures fell to the lowest since August 2010.
Source from (Khaleej Times): http://www.khaleejtimes.com/biz/inside.asp?xfile=/data/commodity/2013/June/commodity_June12.xml§ion=commodity
Published: Jun 28, 2013
(Bloomberg) / 27 June 2013
Gold dropped 23 per cent this quarter,
heading for its biggest loss since at least 1920 in London. Fed Chairman
Ben S. Bernanke said last week the central bank may slow its
asset-purchase programme this year if the economy continues to improve.
Gold for immediate delivery fell as much as 4.2 per cent to $1,224.18
an ounce, the lowest since August 24, 2010, and was at $1,235.02 at
3:02pm in London. Bullion for August delivery dropped 3.2 per cent to
$1,234.30 on the Comex in New York. Trading was more than double the
average in the past 100 days for this time of day.
Silver futures for September delivery tumbled 4.1 per cent to $18.745
an ounce in New York after touching $18.385, the lowest since August
25, 2010.
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