Gold and silver prices tumbled on Monday

(Reuters) – Gold and silver prices tumbled on Monday, led by a nearly 10 percent drop in spot silver prices , as investors liquidated their positions on fears of an impending recession.

Spot gold fell more than 3 percent to $1,604.29 an ounce, wiping off gains over the past two months.

U.S. gold GCcv1 dropped 2 percent to $1,607.2, tracking the weakness in spot prices.

U.S. silver SIcv1 shed 6.6 percent to $28.10.

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Posted by VBN on Sep 26 2011. Filed under Gold. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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