Gold and silver suffered the biggest sell-off in years, in a whipsawing reversal of a scorching rally that’s lifted prices to all-time highs.
Gold dropped as much as 8 per cent to crash through $US5,000 an ounce, while silver slumped below $US100 as the sell-off swept through the broader metals markets. Copper dropped more than 3 per cent in London, after surging above $US14,000 a ton for the first time on Thursday, in its biggest intraday jump since 2008.
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Bloomberg
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