Gold rout continues with 7% slump in early trading

clock

Gold's slide into a bear market has accelerated this morning as prices fell a further 5% to a two-year low of under $1,400.

The price of bullion fell 7% in this morning's trading to $1,392, with silver prices collapsing in tandem to trade 10% lower at $23 an ounce, the lowest level since October 2010. The gold price fall continued a sell-off sparked by talk of Cyprus selling gold reserves last week. The precious metal has now fallen 26% from its September 2011 record high of $1,920, and is down over 12% since last Wednesday alone. Gold and silver mining companies saw even larger drops in Monday's trading, with Centamin, Fresnillo, Randgold Resources and African Barrick Gold all falling between 8% and 10%. ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

'It's been frantic – in a good way': Orbis' Matt Spencer on maintaining momentum

'It's been frantic – in a good way': Orbis' Matt Spencer on maintaining momentum

Advisers in the UK are ‘exceptionally high quality’

Jenna Brown
clock 25 November 2025 • 8 min read
Why 'bubble talk' doesn't always burst markets

Why 'bubble talk' doesn't always burst markets

What’s really driving recent returns?

Eleanor Ingilby
clock 20 November 2025 • 4 min read
Consultancy launches to provide IFAs with 'robust' investment processes

Consultancy launches to provide IFAs with 'robust' investment processes

Sheridan Admans launches Infundly

Isabel Baxter
clock 06 November 2025 • 1 min read