Here’s what’s behind the selloff in gold and silver

From msn.com

The tumble in precious-metals prices from their all-time highs has accelerated, with gold and silver futures suffering some of their worst daily declines on record Thursday. Gold sank for the sixth time in the past seven trading days, losing 5.9%, or $289.20 an ounce, on Thursday. Silver futures shed 8.2% a troy ounce, bringing the total decline from a seven-session fall to around 20%. Precious metals are usually considered a haven, offering investors safety during times of war, inflation or other market turmoil. Gold closed at a record $5,318.40 a troy ounce in late January. So why has it fallen more than 13% since ... (full story)