What To Make Of The Dramatic Drop In Gold Prices
As I write this post on April 15, spot gold prices, according to Bloomberg, settled down approximately 9% for the day (which marks the biggest one day decline since February of 1983), while spot silver prices were down approximately 12% for the day.
Other precious metals, and industrial metals for that matter, have not escaped the recent downward pressure on commodity prices as platinum, palladium, aluminum and copper also posted losses on April 15.
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