Market Updates

Gold turned sharply lower in early U.S. trading, dropping more than two percent on the New York Spot Market, while silver dropped just under three-percent. Light profit taking is featured in precious metals markets Tuesday, but prices are also under pressure from a broadly stronger U.S. dollar. ...

Gold fell for an eighth consecutive session Monday before staging a modest recovery, as a strong dollar and persistent worries over an earlier than expected end to quantitative easing dragged spot prices to a five-week low. Silver prices also declined, falling to their lowest level in 32-months. ...

Gold and silver continued downward this morning under monumental pressure from traders looking to capitalize on recent technical weakness, before physical buying propped them both back to levels near Friday’s closes. For the eighth session in a row, the metals have been hammered by large short po...