Thursday, May 5, 2011

Gold Prices Fall Below $1500, Silver Dive 8%

by Bullion Prices Staff on May 5, 2011

U.S. bullion prices charged lower Thursday. Dollar strength, oil weakness, higher margins in trading silver and long liquidations were among the factors cited in pressuring precious metals. Daily losses were 2.2% for gold, 2.6% for platinum, 4.8% for palladium and 8% for silver. June gold prices declined $33.90 to settle to $1,481.40 an ounce on […]