Gold futures saw their biggest drop in a week overnight Monday after the dollar responded to Japan’s steps to weaken the yen.Gold futures for December delivery fell to $1,725.20 an ounce, a drop of 1.3%.
Meanwhile, Canada is offering gold investors a new option. The Royal Canadian Mint has announced an IPO of gold-backed exchange-traded receipts.
Silver futures for December delivery saw a sharper drop, losing 2.6% and setting at $34.354 per ounce. Platinum futures for December delivery fell by the same mount, with the price settling at $1,607.60 per ounce.
-The Israeli Diamond Industry
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