COMEX Gold Plunges amidst Liquidation on Wall Street

Gold futures acquaint abrupt losses on Thursday amidst boundless weakness in bolt and equities.

COMEX gold futures – per the February 2012 arrangement – accomplished the affair lower by $31.40, or 1.8%, at $1,713.40 per ounce. The chicken metal traded in a advanced ambit today, ascent to a aerial of $1,760.50 per ounce afore coast to as low as $1,707.80 per ounce.

The sell-off in gold stemmed from alert comments by European Axial Coffer President Mario Draghi, who backed off from antecedent statements that the axial coffer was because a added advancing bond-buying program.

Silver futures confused alongside the chicken metal, by 3.3% to $31.54 per ounce. Platinum alone 1.8% to $1,494.40 per ounce, while aegis aloof 1.5% to $675.30 per ounce.