Gold Slumps With Silver to Lowest Since ’10 as Platinum Retreats
This article is for subscribers only.
Gold and silver tumbled to the lowest level in more than four years as a gauge of the dollar headed for the biggest weekly advance in more than 12 months, curbing demand. Platinum dropped to the lowest since 2009.
Gold for immediate delivery fell as much as 0.9 percent to $1,132.16 an ounce, the lowest since April 2010, before trading at $1,141.72 by 3:49 p.m. in Singapore, according to Bloomberg generic pricing. Silver slumped as much as 2.3 percent to $15.0681 an ounce, the lowest since February 2010.