3
May
Gold, silver futures extend losses
3 May 2011 MarketWatch
Precious metals prices fell on Tuesday, led lower by a nearly 2% slide in silver after the main U.S. metals exchange announced higher margin requirements, the third such hike in a little more than a week.
Other factors weighing on gold and silver included the death of Osama bin Laden, which was seen as reducing geopolitical anxieties and triggered selling in the less-risky asset classes of precious metals.
http://www.marketwatch.com/story/gold-silver-futures-extend-losses-2011-05-02
