Gold Plunges From Record High With Biggest One-Day Decline in 12 Years

The price of silver, which has surged this year alongside gold, also plunged, falling more than 8% during Tuesday trading to as low as $48.40 per troy ounce. Gold, silver and other precious metals have soared this year amid global trade tension, inflation concerns and economic uncertainty. The rally in precious metals has also been fueled in recent weeks by concerns about the impact of the U.S. government shutdown and ongoing fears about unsustainable government debt globally. Why This Matters to Investors ...