Sri Lanka, Oct. 22 -- Gold and silver sank for a second day on Wednesday (Oct 22), bringing a rally in the precious metals to a juddering halt, while stocks were mixed after United States President Donald Trump remarked that a meeting with Chinese counterpart Xi Jinping might not take place.

Bullion has seen an eye-watering run-up since the turn of the year, helping it climb more than 60 per cent and hitting multiple records, with observers suggesting it could soon hit US$5,000 an ounce.

The rally has been built on a range of issues including a weaker dollar, expectations of interest rate cuts, falling bond yields and central bank buying.

Lingering worries about the global outlook have also boosted its haven status, while a fear of mis...