Gold price dipped $2.80 to $1,504.40 per ounce this morning, rebounding after trading under under the $1,500 level overnight.
The U.S. dollar moved lower yet again ahead of Tuesday’s open and in advance of the two-day Federal Open Market Committee meeting, which begins today in Washington D.C.
Silver plunged a steep 2.6% to $45.67 per ounce.
Helping to grease the decline was news after the close yesterday that the CME Group raised margin requirements on silver futures contracts by 9%.
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