Gold slid for a fifth session in six on Wednesday, tumbling to a four-year low below $1,150 an ounce as a strong dollar kept investors away from the safe-haven asset and physical demand failed to provide underlying support. Silver tracked gold lower, hitting its lowest since early 2010, while platinum and palladium also fell. Spot gold tumbled to $1,146.06 an ounce, its lowest since April 2010, before recovering modestly to trade down 1.6 percent at $1,149.85 by 0738 GMT. Silver fell more than 3 percent to $15.44, its lowest since February 2010.
Comments
Comments are closed.