Tue, 17 Feb 2015 14:21:03 GMT
Gold slumps along with silver right before China starts New Year holiday
The yellow metal and silver declined amid speculation that Chinese demand may fall right before the nation starts its Lunar New Year holiday. Bullion for immediate settlement dropped 1% to $1.220.46 an ounce and traded at $1,222.44 as of 10:19 a.m. London time, while silver lost 2.7%, the biggest decline in more than a week, being last down 2.3% at