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The Guardian - UK
The Guardian - UK
Business
Lauren Almeida

Gold and silver prices seesaw as FTSE 100 hits record high

row upon row of gold bars
Gold fell 8% to $4,465 an ounce on Monday. Only last week its price rose to a record $5,600. Photograph: Arnd Wiegmann/Reuters

Gold and silver prices seesawed on Monday, after a “meltdown” in the metals market deepened and rattled investors around the world.

Gold prices tumbled by as much as 8% to $4,465 an ounce on Monday, ending a run of record highs that took it to nearly $5,600 last week. It later recovered some ground, but was still down by 3.5% at $4,700 in afternoon trading.

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