Gold dips and silver dives along with world stock and commodity markets

The wholesale-market gold price continued to fall on Thursday morning in London – hitting a 1-week low of $1480 per ounce – as world stock and commodity markets took another tumble.

Silver fell to $32.50 per ounce at the London Fix, nearly $7 down from Wednesday and 33% below the 31-year high of $48.70 set on April 28.