Gold Prices Are Tumbling to 3-Month Lows

by Business Insider | May 27, 2014 2:09 pm

Gold prices are down 2% to $1,266.50 per ounce, and were at their lowest level since February 10[1]. This comes after some positive economic data out of the U.S. on Tuesday morning.

Other commodities are also falling. Silver is down 1.8%. Agricultural commodities are taking a beating with corn down 1.6% and wheat down 1.4%.

Meanwhile, the S&P 500[5] hit a new all-time intraday high of 1,911.08.

Here’s a look at the gold sell-off:

Gold chart
Click to Enlarge

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