US Stock Market Move | Spot gold fell more than $400 in half an hour, precious metal concept stocks declined.
Spot gold broke through three consecutive whole hundred levels in half an hour, touching a low of $5105.83, falling more than $400 from the intraday high.
On Thursday, spot gold broke through three round hundred levels in half an hour, hitting a low of $5105.83, falling over $400 from the intraday high. Spot silver fell by 8% during the day, briefly reaching $121 per ounce before dropping over $15 to $108.23 per ounce. Precious metal concept stocks declined, with Endeavour Silver (EXK.US) and First Majestic Silver (AG.US) falling over 8%, Pan American Silver Corp. (PAAS.US) dropping over 6.7%, Newmont Mining (NEM.US) falling over 5%, and Harmony Gold Mining Co. Ltd. Sponsored ADR (HMY.US) falling over 8%.
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