Gold and silver are getting crushed

Gold and silver are getting crushed.

On Tuesday morning, gold fell more than 1%, or about $US15 an ounce, to around $US1,157.30.

Silver fell more than 3% to around $US15.16 an ounce.

Other precious metals are also trading weaker. Platinum dipped nearly 2%, or about $US20.50 an ounce, to around $US1,045.80. Copper fell more than 4%.

Here’s a chart showing the slide in gold prices:

And in silver:

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