Precious Metals Decline as Dollar Gains
Precious metals declined Thursday as the U.S. dollar gained against other world currencies after the Bank of England and the European Central Bank cut interest rates in an attempt to stimulate their economies. New York silver, gold and platinum futures lost 3.8 percent, 1.4 percent and 4.7 percent, respectively.
December crude-oil fell for the second straight session, dropping $4.53, or 6.9 percent, to close to $60.77 a barrel. An intraday low of $60.16 marked a new level not seen since March 2007.
December silver lost 40 cents to end at $10.055 an ounce.
January platinum plunged $41.70 to settle at $838.30 an ounce.
Gold for December fell $10.20 to close to $732.20 an ounce.



