Gold Price LIVE: Gold Prices Log Steepest Single-Day Fall in 12 Years; Silver | Firstpost Live

Описание: Gold and silver extended their plunge from record highs, while Asian stocks fluctuated after a rally on Wall Street showed signs of fatigue. Gold fell 2.9% at one point to $4,004.26 per ounce after dropping as much as 6.3% on Tuesday, its biggest intraday decline in more than a dozen years. Silver also declined more than 2% at one point to around $47.6 after falling 7.1% in the prior session. The drop in gold and silver underscored a wave of profit-taking after their rapid gains this year, amid growing concern the rallies have entered bubble territory. The yellow metal, however, tried to grab back the losses, rising slightly 0.5 on Wednesday.

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