herald

Wednesday 23 January 2019

Precious metals fall

INVESTORS continue to be spooked by the unexpected fall in so-called 'safe havens' and have dumped gold and silver reserves.

Gold fell by nearly 9pc in its largest three-day slide since October 2008. Spot gold tumbled as much as 7.4pc to a low of $1,534 (€1,132), which was its weakest since early July.

Spot silver dropped as much as 16pc to $26.04 (€19.21). And platinum plummeted as much as 9pc before bouncing back.

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