SCOREBOARD: Savaged gold

Precious metals took a beating after US inflation fell, and commodities continued to suffer despite improving global growth.

It was another savage session for precious metals last night. Gold slumped a further $33 to $1391 and silver fell 3.75 per cent, with some news wires attributing the fall to lower producer price inflation in the US (which fell 0.7 per cent in April).

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