Gold price and silver price are getting crushed

London (July 7)  On Tuesday morning, gold fell more than 1%, or about $15 an ounce, to around $1,157.30 – a three-month low.

Silver fell more than 3% to around $15.16 an ounce.

It's the first big move for both commodities following the big news out of Greece on Sunday. In a note to clients earlier on Tuesday, Accendo Markets noted that gold had shrugged a sell-off in spite of the "No" referendum result and a stronger US dollar.

Other precious metals are also trading weaker. Platinum dipped nearly 2%, or about $20.50 an ounce, to around $1,045.80. Copper fell more than 4%.

Source: BusinessInsider