Precious metals plummet after uptick in US inflation, Silver down 5%

Precious metals plunged today after a firm reading on the US consumer prices. September?s US CPI report delivered a hawkish show, with headline inflation accelerating to 3.7% YoY and up from 3.4% in August. Gold melted 1.5% to trade at $4110 per ounce. Silver saw even more destruction as the counter broke under $60 per ounce mark. COMEX Silver is down more than 5% at $56.30 per ounce..

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