The prices of precious metals continued to decrease on Monday as the United States Federal Reserve hinted the discussions on cutting the key interest rate could happen later rather than sooner, discouraging those interested in investing.
Silver slumped by 2.00% at 12:03 pm ET to sell for $22.51 per ounce. Gold lost 0.48% at 12:04 pm ET to go for $2,026.83 per ounce. A minute later, platinum plunged by 2.56% to sell for $879.63 per ounce. At the same time, palladium plummeted by 3.32%, going for $941.43 per ounce.
