Gold and silver take big hit

Gold and silver prices are taking it on the chin today, reports the Financial Times.

Read: Gold markets rocked by Cyprus plan

“Spot gold prices fell as much as 5 per cent to a low of $1,384.69 an ounce, the lowest in two years. The metal has now fallen 26 per cent since hitting a record high of $1,920 a troy ounce in September 2011. Silver joined in the rout, falling 10.8 per cent on Monday to $23.07 an ounce,” the report explains.

Read more here.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.