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Gold, Silver Prices Plunge as Investors Return From Holiday Weekend
Gold and silver futures tanked as US investors returned from the Presidents’ Day holiday long weekend. Precious metals have struggled to maintain momentum after a slight recovery from last month’s sharp selloff. April gold futures plummeted $108.40, or 2.15%, to $4,936.90 per ounce at 12:34 GMT on Tuesday on the COMEX division of the New York Mercantile Exchange. Gold prices are still positive for the year, rising 14%. Silver, the sister commodity to gold, tanked $3.799, or 4.87%, to $74.05 per ounce. The white metal has declined 18% over the past month, but remains up about 4% year-to-date. One of the key ... (full story)