Commodity Blog |
Gold Posts Record Drop in 33 Years, Silver Also Suffers Posted: 15 Apr 2013 07:23 PM PDT Gold continued to fell today after yesterday’s drop, which was biggest since 1980. Other metals followed in decline. The drop was caused by the report that showed unexpected slowdown of China’s growth. Chinese gross domestic product grew 7.7 percent in the first quarter of 2013 instead of expected 8.0 percent. Data from the United States added to negativity as the Empire State Manufacturing Index dropped from 9.2 to 3.1 this [...] |
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