Gold was down 7% today, or about $95.00 selling at $1,275.30 an ounce. this is the lowest price in the past two and half years and it has also fallen below the normal floor price of $1,300.
Silver was also down 7%, selling , selling below $20 an ounce at $19.60 in New York.
USA Today reports
Source: USA TodayThe price of gold fell 7%, about $95 to $1,278.30 an ounce, lowest in two-and-a-half years and well below the psychologically significant $1,300. It's more than 35% below its all-time peak of $1,895 an ounce hit in September 2011.
The price of silver was off more than 7%
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