June 22 (Bloomberg) — Gold prices slid to a five-week low after the World Bank forecast a deeper contraction in the global economy this year, curbing the appeal of the metal as a hedge against inflation. Silver also dropped.

FULL STORY

Related posts:

1. Gold Falls To Less Than $1,600 For First Time Since July (GLD, EUO, FXA)
2. Morning Call: Futures Back Down After Monday Squeeze, Expect Volatility to Wane Into Holiday Weekend
3. Gold Investing: China Is Changing The Global Market In GOLD (GLD, SLV, FXI, UUP, IAU)

ETF BASIC NEWS