Thursday, August 4, 2011

Gold Retreats from Record, Silver Plunges, Eagle Coins Advance

by Bullion Prices Staff on August 4, 2011

U.S. bullion prices turned lower Thursday as gold dipped 0.4% and away from a record. Other precious metals plunged, including losses of 5.6% for silver, 5.3% for palladium and 3.1% for platinum. Gold and silver losses were attributed to margin calls as the U.S. stock market recorded its worst day since 2008.