Gold and Silver Prices Have Fallen From Record Levels

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After record highs in recent months, gold and silver prices have fallen sharply. A 31.1-gram ounce of gold, which had already fallen by nine percent on the last trading day of last week, was trading at around $4,500 on the London Stock Exchange this morning, almost eight percent less than on Friday.

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In the first hours of trade in London, the gold was falling by 7% to $4.538 on one troy ring, while the silver...