Gold and silver plunge to lowest levels in three years
Published on Jun 22, 2013 8:42 AM
All that glitters currently is neither gold nor silver, as both precious metals have sunk to their lowest levels in nearly three years.
The chief culprit has been the impending slowing down of the United States Federal Reserve's massive money-printing programme.
Gold prices are expected to fall further, said experts, as the US dollar is tipped to strengthen and the economy there recovers.
Traditionally, gold's lustre comes from investors seeing it as a safe refuge during times of global economic uncertainty, and as a guard against inflation.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!