London Miners Slump as Gold and Silver Prices Tumble - AskTraders

AI desk brief

Gold and silver sold off sharply overnight, with gold futures down 3.02% to 4,190.50 and spot gold down 2.96% to 4,158.63 after touching an overnight high of 4,285.37. Silver was hit harder, with futures off 5.15% to 61.463 and spot down 4.98% to 61.1050; platinum and palladium also fell 2.82% and 2.80%, respectively.

London-listed miners tracked the metals weakness, led by Fresnillo down 5.22% and Endeavour Mining down 4.66%.