Sunday, May 29, 2011

Down four percent silver and gold to pay for the drop

Down four percent silver and gold to pay for the drop
 

Silver fell more than four percent to its lowest levels during the meeting on Thursday, extending its losses, which pushed the price of gold lower, erasing earlier gains.

The decline in spot price for silver, 2.9 percent to 36.79 dollars a troy ounce (ounce) by 0908 GMT after falling as much as 4.2 percent when the record 36.30 dollars. The highest price for silver in trade on Thursday, 84. $ 38.

Gold fell 0.4 percent to 1517.20 dollars an ounce.

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