http://www.reuters.com/article/2011/05/02/us-markets-precious-idUSTRE73786N20110502(Reuters) - Gold prices slipped from record highs on Monday and silver was on track for its biggest one-day loss since December 2008 after news that al-Qaeda leader Osama bin Laden was killed in a U.S.-led operation in Pakistan.
Spot gold fell to nearly $1,540 an ounce after earlier hitting a fresh record high at $1,575.79. By 1044 GMT it had recovered to $1,556.20 an ounce against $1,563.65 late in New York on Friday.
Silver was bid at $45.36 an ounce against $47.80, having earlier fallen as low as $43.04.
Oil and gold fell as news of the death stripped out some of the risk premium that has been underpinning commodity prices, while the dollar rebounded from three-year lows, further pressuring gold, and stock markets climbed.
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