February 11, 2013 at 16:10 PM EST
Gold, Silver: What To Expect After Chinese New Year
The Year of the Snake sank its fangs into gold and silver investors, with the precious metals melting to one-month lows as Asian markets closed for Lunar New Year holiday. Traders also sold positions ahead of the G-20 summit later this week when world leaders will discuss currency devaluation. Spot gold prices fell 1.13% to $1,649.40 an ounce. SPDR Gold Shares (GLD), tracking a 10th of an ounce of bullion, gapped down 1% to 159.748 in heavy volume
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