Gold and silver prices seesaw as FTSE 100 hits record high

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Gold and silver prices seesawed on Monday, after a meltdown" in the metals market deepened and rattled investors around the world.

Gold prices tumbled by as much as 8% to $4,465 an ounce on Monday, ending a run of record highs that took it to nearly $5,600 last week. It later recovered some ground, but was still down by 3.5% at $4,700 in afternoon trading.