Commodity Market Update : Epic Research Malaysia

Gold prices sank Thursday, settling below $1,200 for the first time since Oct. 3, after the Federal Reserve pulled the plug on its stimulus program and showed confidence that the U.S. economic recovery is on track.

Gold for December delivery GCZ4, -0.42% skidded $26.30, or 2.2%, to settle at $1,198.60 an ounce. December silver SIZ4, -0.64% dropped 84 cents, or 4.9%, to $16.42 an ounce.

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