Tue, 16 Apr 2013 07:01:04 GMT
Silver collapses 13% on sharp selloff after China's data
Precious metals plunged for the second consecutive session on Monday after weak China's data sparked a massive selloff of precious metals as market players were worried that more cash will be needed to cover their positions.
Gold tumbled the most in 33 years on concerns over unexpected slowdown in China's economic growth. Meanwhile, holdings in SPDR Gold Trust reached a