By Ryan Dezember
Precious metals prices are on track for their largest quarterly losses on record, dragged down from the peaks in late January by doubts about the path of interest rates and investors who are shedding riskier assets.
- Gold futures fell Monday to $4,022.30 a troy ounce, bringing the second-quarter decline to a record $625.30. Gold has shed more than $500 an ounce, or roughly 12%, in June alone on pace for its worst month since June 2013.
- Silver futures are down 22% this quarter, which would be the worst quarter in 13 years percentage wise. In dollar terms, a troy ounce of silver, which settled Monday at $58.175, is on track to fall by a record $16.515 during the quarter.
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