Precious Metals Selloff Arrives After Gold Futures Break $3,500

Gold Price Is Now Currently Back Below $3,400

In another wild day in the precious metals markets, we saw the gold futures cross the $3,500 level on Monday night (again in Asian trading), and reach as high as $3,509, before falling over $100 to $3,391 in New York trading.

Once again the divergence in silver continued, although today that was a positive for the silver price. As even while gold was in …