The gold price fell to its lowest for more than five years due to the expensive dollar, a sharp sell-off in China and a potential US interest rate increase.
August futures for gold at Comex (New York) became cheaper by $24.9 and 2.2% to $1114 per troy ounce.
The last time gold traded at that level was March 2010. September futures for silver fell by 1.75% to $ 14.58 per ounce.
