Gold Pounded $45, Falls Below $1400
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Gold and other precious metals are under heavy pressure in afternoon trading.
February gold futures last traded down $45.10 to $1,377.80 per ounce, with the commodity trading as high as $1417.80 earlier.
ETF SPDR Gold Shares (NYSE: GLD) is feeling the brunt of the sell-off in the commodities, last trading down 2.55% to $134.48.
The gold miners are faring even worse, as suggested by the 2.75% down move in Market Vectors Gold Miners ETF (NYSE: GDX).
Silver is also under pressure, down $1.020 to $30.11 on March futures. ETF iShares Silver Trust (NYSE: SLV) is down 1.9%.
February gold futures last traded down $45.10 to $1,377.80 per ounce, with the commodity trading as high as $1417.80 earlier.
ETF SPDR Gold Shares (NYSE: GLD) is feeling the brunt of the sell-off in the commodities, last trading down 2.55% to $134.48.
The gold miners are faring even worse, as suggested by the 2.75% down move in Market Vectors Gold Miners ETF (NYSE: GDX).
Silver is also under pressure, down $1.020 to $30.11 on March futures. ETF iShares Silver Trust (NYSE: SLV) is down 1.9%.
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