Silver, Gold Tumble as Recession Fear Grips Markets
Gold and silver prices tumbled on Monday, led by a nearly 10 percent drop in spot silver prices , as investors liquidated their positions on fears of an impending recession.
Spot gold fell more than 3 percent to $1,604.29 an ounce, wiping off gains over the past two months.
U.S. gold dropped 2 percent to $1,607.2, tracking the weakness in spot prices.
U.S. silver shed 6.6 percent to $28.10.
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