Metals are having a rough day.
Gold is down $13.50 or 1.2% to $1108.80 an ounce as it approaches the all-important $1100/ounce mark.
Silver is doing worse, down $0.23 or 1.3% to $17.11 an ounce.
Futures for every metal are down, too. Gold and silver are down 1.2% and 1.3%, respectively while copper and palladium are down around 1% each.
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See Also:
- Goldman Sachs And JP Morgan Storage Investments Signal A Commodities Slump
- Rick Bookstaber: Hedge Funds Are Pumping The Gold Bubble And Luring Investors Off A Cliff
- Is Eric Sprott In The Market Trying To Buy 10 Tonnes Of Gold?