On Friday, gold declined over 2% and silver lost nearly 7%. The scale of the losses, particularly for silver, surprised participants as there was no breaking news story and markets had largely priced in a no victory in the Swiss gold referendum.
The 2012 Australian Kangaroo One Tonne Gold Coin issued by The Perth Mint has been confirmed as the largest coin in the world by Guinness World Records and will be featured in the 2013 Guinness Book of World Records available in October.
Leftover selling pressure depressed gold price as the mid-month session got underway this morning in New York. Spot gold bullion traded $9.10 per ounce lower out of Monday's starting gate, with a bid quoted at $1,359.70.