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Gold falls again as rally comes to halt
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eNCA - DSTV Channel 403
HONG KONG - Gold and silver tumbled for a second day on Wednesday, bringing a rally in the precious metals to a juddering halt.
The rally has been built on a range of issues, including a weaker dollar, expectations of interest rate cuts, falling bond yields and central bank buying.
At one point Wednesday, it hit a low of $4,000 -- a day after chalking up a record peak of $4.381.51.
The retreat hit gold miners and producers.
And Hong Kong-listed Zijin Gold International shed more than four percent and Shandong Gold Mining was off nearly two percent, while Merdeka Copper Gold dived around four percent in Jakarta.