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<Commodity>Spot Gold Drops 3% Below USD4,400; Silver Slips 6%
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Gold prices plummeted on Thursday as markets assessed the possibility of a ceasefire in the Middle East, and were also influenced by a stronger US dollar and soaring oil prices.

Spot gold dropped USD130 or 2.9% to USD4,376.1 per ounce. Gold futures for April delivery lost USD175.4 or 3.9% to USD4,376.9 per ounce.

Related NewsEIA Crude Oil Stocks Change for Mar/20 in the United States is 6.926M, higher than the previous value of 6.156M. The forecast was 0.5M.
Silver futures for May delivery fell 6.2% to USD68.13 per ounce.
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