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<Commodity>Spot Gold Drops 3% Below USD4,400; Silver Slips 6%
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Gold prices plummeted on Thursday as markets assessed the possibility of a ceasefire in the Middle East, and were also influenced by a stronger US dollar and soaring oil prices. Spot gold dropped USD130 or 2.9% to USD4,376.1 per ounce. Gold futures for April delivery lost USD175.4 or 3.9% to USD4,376.9 per ounce. Silver futures for May delivery fell 6.2% to USD68.13 per ounce. AASTOCKS Financial News Website: www.aastocks.com |
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