RT.COM: Precious metals may loose their lustre as an investment as futures experience the sharpest drop in two months.
Gold shed 0.46% and silver lost 0.92% in Tuesday trade. Gold for April was down $11.90, or 0.7%, at $1,655.70 per ounce in Comex trading on the New York Mercantile Exchange.
Investors’ expectations of further monetary easing around the world along with a sluggish economy growth outlook pushed cash gold prices up 14% earlier this year to near $1,800 per ounce. But positive data from the US showing signs of recovery and a decrease of risk in the euro-zone debt crisis undermined the appeal of gold as an investment destination. » | Tuesday, March 20, 2012
