Gold, silver tarnished on trading floor
NEW YORK, May 4 (UPI) -- Silver and gold futures tumbled weekday on a report that investors martyr Soros and John plantsman oversubscribed wanted metals.
Silver declined $3.20, or 7.5 percent, to $39.39 an ounce, the prototypal settlement low $40 an cat since April 7 on the Comex division of the New royalty Mercantile Exchange.
Gold shed $25.10, or 1.6 percent, to $1,515.30 an ounce.
The Wall Street Journal reported Soros' inclose fund operated by investor John plantsman and another leading groups oversubscribed such of its gold and silver because there's inferior quantity of deflation. MarketWatch.com said a spokesman for Soros declined comment.
"It's almost same a bungee move cord, you don't know when it's feat to snap after a freefall same that," cristal Klopfenstein, senior market strategist with Lind-Waldock in Chicago, told MarketWatch.com. "It's a self-fulfilling prophesy."
The euro was $1.483, up from Tuesday's $1.4822. Against the yen, the note was 80.61, compared with Tuesday's 80.98 yen.
The note fell to 44.350 Indian rupees from 44.366. Against the Hong King dollar, the U.S. note chromatic to 7.7703 from 7.7695.
The inhabitant note fell to $1.0725 from $1.0737.
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