Would You Rather Own Gold or Silver?
Gold prices fell more than 1 percent on Thursday to hit their lowest in nearly four months after breaking through a critical support level on charts at $1,661 an ounce, weighed by year-end investor selling.
Spot gold was down 1.3 percent at $1,645 an ounce, having hit a low of $1,646.94 after falling through strong support at its 200-day moving average, a closely watched support level.
U.S. gold futures were down 1.2 percent to $1,648 per ounce. (Read More: Gold to Hit $2,000 by Year-End on More Fed Easing: Merrill)
Prices are set for their biggest quarterly drop since the third quarter of 2008 in the October to December period, with the announcement of a fresh round of usually bullion-friendly U.S. monetary easing last month resulting in only temporary gains.
Spot silver fell more sharply than gold and dropped about 3.5 percent to $30 an ounce. It is on track for its biggest monthly drop since May.
That said, we want to hear from you — would you rather own gold or silver? Vote now in our "Futures Now" poll!
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