Gold, silver fall sharply, track equities sell-off

Spot gold fell 2 percent on Monday on margin selling related to a sharp equity market sell-off, while silver also tumbled 5 percent on sovereign debt worries in both the United States and Europe.

Bullion was down 2 percent at $1,690.36 an ounce by 11:03 a.m. EST (1603 GMT), while spot silver was down 5 percent at $30.78 an ounce.

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Posted by Silver Guru on Nov 21 2011. Filed under Silver prices. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry