Gold, Silver Plunge Deepens as Traders Unwind Crowded Bets on Rally

Gold fell, following its biggest plunge in more than a decade, and silver extended a dramatic reversal of a record-breaking rally that ran too far, too fast.Spot gold fell as much as 6.3%, while silver plunged as much as 11.9% in Asian trading hours on Monday. The white metal swung sharply, at one point rising more than 3% before resuming a sharp decline. Its intraday loss in the previous session was the steepest on record.“This isn't over,” said Robert Gottlieb, a former precious metals trader at JPMorgan ...