INTERNATIONAL. Spot market gold prices dropped to US$1,670 an ounce Monday lunchtime in London – 2.3% off last week's closing spot price – while stocks and commodities also fell and US Treasury bonds rose.
Silver prices dropped to US$31.12 per ounce – 3.4% down on the end of last week.
"Gold market people say European commercial banks are being driven to lend gold for Dollars at negative interest rates just to raise some extra cash for a few weeks," the FT's John Dizard reports.
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