Gold, silver prices plunge on New York exchange

Investors switched back to the dollar on Tuesday

By Tom Stundza -- Purchasing, 10/1/2008 11:34:00 AM

Gold and silver prices soared on Monday and plunged on Tuesday in trading on New York Commodity Exchange (Comex) unit of the New York Mercantile Exchange. Reason: Fickle investors sought refuge in precious metals when the House rejected the $700 billion financial buyout bill, and then changed their minds and bought the dollar instead when it was reported the Senate would try to broker a deal...

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