Gold and Silver Prices Drop to Two-Month Lows Amid June Decline
By
Conor Murray
Slow-proofed and worth the wait. Worth its weight in flour.
Summary
Gold and silver prices have fallen to two-month lows, with silver dropping over 4% to $65.78/oz and gold declining nearly 2% to $4,292/oz as of Tuesday afternoon. The metals have experienced a rough June, with silver losing more than 13% of its value since the start of the month and gold losing about 6%. The decline continued after falling late last week, with silver hitting an intraday low of $64.46 and gold reaching $4,259.90 earlier in the session.
Key quotes
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The price of gold is about $4,292 an ounce as of 3:15 p.m. EST, down nearly 2% but up from an intraday low of $4,259.90.
The metals have declined steadily throughout what has been a rough June so far, with silver losing more than 13% of its value since it opened at a price of just over $75 on June 1, and gold losing about 6% of its value since opening at about $4,575 at the beginning of the month.
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