Gold was tumbling near three-month lows on Monday despite the failure of weekend talks in Washington to reach an agreement to avert a U.S. debt default and as large sell orders in the previous session rattled investors.
Gold is heading for the first annual loss since 2000 on expectations that the Federal Reserve will slow the pace of its $85 billion monthly bond purchases. Holdings in the SPDR Gold Trust, the biggest bullion-backed exchange-traded product, fell to 890.98 metric tons on Oct. 11, the lowest since February 2009.
Silver for immediate delivery lost as much as 1.1 percent to $21.1084 an ounce and was at $21.1269, after earlier climbing 0.8 percent. Platinum traded little changed at $1,369.55 an ounce, while palladium was also little changed at $711.75 an ounce.
Mcx Commodity Market seeing in dull side, mostly commodities are traded down side and some of commodities are traded in upside. Gold and silver both commodities are closing with red shade and crude oil also closed with lower points, and have 130 points change. Gold and Silver both precious metals are closed with 492.00 and 1373 points change.
Gold is heading for the first annual loss since 2000 on expectations that the Federal Reserve will slow the pace of its $85 billion monthly bond purchases. Holdings in the SPDR Gold Trust, the biggest bullion-backed exchange-traded product, fell to 890.98 metric tons on Oct. 11, the lowest since February 2009.
Silver for immediate delivery lost as much as 1.1 percent to $21.1084 an ounce and was at $21.1269, after earlier climbing 0.8 percent. Platinum traded little changed at $1,369.55 an ounce, while palladium was also little changed at $711.75 an ounce.
Mcx Commodity Market seeing in dull side, mostly commodities are traded down side and some of commodities are traded in upside. Gold and silver both commodities are closing with red shade and crude oil also closed with lower points, and have 130 points change. Gold and Silver both precious metals are closed with 492.00 and 1373 points change.
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