Gold And Silver Sharply Lower and Near their Recent Lows, Pressured By Surging US Dollar
San Francisco (Dec 17) Gold and silver futures have sold off sharply in late-morning trading Thursday. Both markets are hovering not far above their recent contract and multi-year lows. A surging U.S. dollar index that hit a three-week high today is pressuring most of the raw commodity sector, including the precious metals. February gold was last down $25.80 an ounce at $1,051.00. March silver was down $0.558 at $13.69.