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Gold, Silver Tumble.
The price correction for Precious Metals is in full swing, friends.
U.S. gold futures plunged to a six-week low and silver hit a two-month nadir in a cross-metals sell-off on Thursday, as a steady dollar made the hard assets less attractive to investors.
Gold has fallen $100 in a three-week correction from a 26-year high reached in mid-May atop $730 an ounce.
Traders said the break below $640 sparked further stop-loss selling on Thursday.
Gold is currently trading at $629.75 and Silver at $12.01
Look for more volatility in the near-term.
