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Gold and silver prices tumbled to their lowest in nearly three years on Wednesday as investors liquidated precious metals after well-received US data fuelled fears the Federal Reserve would rein in its ultra-loose monetary policy.
Spot gold slid to its lowest since September 2010 at USD 1,233.05 an ounce and was down 3.1 percent at USD 1,237.36 an ounce at 0807 GMT. US gold futures for August delivery were down $37.90 an ounce at USD 1,237.20.
Silver hit its lowest since August 2010 at USD 18.55 an ounce and was down 4.4 percent at USD 18.81 an ounce.
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