Bloomberg News

Gold, Silver Extend Drop as Dollar Advances, Commodities Slump

September 28, 2011

Sept. 29 (Bloomberg) -- Gold for immediate delivery fell for a second day, dropping as much as 1.5 percent to $1,584.38 an ounce, and last traded at $1,589.07 at 8:04 a.m. in Singapore. December-delivery bullion lost as much as 2 percent to $1,586.20 an ounce.

Cash silver also declined for a second day, shedding as much as 2.5 percent to $29.105 an ounce, before trading at $29.285. Futures in New York decreased as much as 3.5 percent to $29.095 an ounce.

To contact the editor responsible for this story: Glenys Sim at gsim4@bloomberg.net


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