Gold plunges to its lowest level in 5 years
Gold plunges to its lowest level in 5 years
07/20/2015 08:17 GMT
Agencies – The gold 4%, to its lowest level in more than five years, as platinum fell 5%, hitting the lowest price since 2009, as investors sell the precious metals.
It was a sudden drop in gold and platinum prices, which broke the critical levels of support since Friday, with the rise of the dollar amid growing expectations that the Federal Reserve (the US central bank) will cut interest rates this year.
Gold fell 2.8 percent in spot transactions, for up to $ 1102.40 an ounce, after checking in earlier to $ 1088.05, its lowest level since March 2010.
Platinum and has up to 5%, at $ 942.49 an ounce, the lowest level since February 2009
alrayy.com
