Gold and Silver Plunge as Wild Swings Rock Metals Markets [Yahoo! Finance]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
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Source: Yahoo! Finance
Silver plunged more than 16% toward $96 an ounce, while gold fell more than 7% below $5,000, intensifying the wild swings that interrupted record-breaking rallies that had stretched technical indicators. A gauge of the dollar rose as much as 0.5%, making precious metals more expensive for most buyers. Silver and platinum tumbled more than 10%. Most Read from Bloomberg ICE Begins Buying ‘Mega' Warehouse Detention Centers Across US Manchester Shows What UK Economic Revival Can Look Like London's Vanishing Office Buildings Are Being Replaced by Hotels Wealth Tax Would Cause California's Rich to Flee, Newsom Warns LA's $1.2 Billion ‘Graffiti Tower' Reaches Bankruptcy Exit Deal President Donald Trump is expected to name Warsh as his nomination for Fed chair, Bloomberg News reported. The former Fed governor has a longstanding reputation as an inflation hawk, but has aligned himself with the president in recent months by arguing publicly for lower interest rates. Trump said he
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