Silver is dropping to a 4 year low while gold is falling to its lowest since January.

Precious metals took a big loss in the last few days as the dollar rose to a 4 year high last week.

Gold’s recent losses have erased almost all of its 2014 gains, with the metal now up only 0.7% from last year, when it lost 28% of its value.

Other top stories today: 

• 4 Tips for Today's Trading 
  
  
• The Dollar Drops in Asia 
  
  
• European Market Falls 
  
  
• Alibaba Biggest IPO Ever 

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Alibaba’s initial public offering was the biggest ever worldwide at $25.03 billion. Their shares rose 38% from $68 to $99.89 in its debut in New York on Friday.

This indicates that Alibaba is going to be a very successful company in the United States and other IPOs this year will probably also go well.

Traders who invested in the Alibaba share on Friday made a lot of money and the share might still rise. It may be a good idea to invest in it even now.

Other top stories today: 

The Dollar Drops in Asia

European Market Falls

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The dollar dropped today in Asia from 108.99 yen to 108.80 yen.

There are 2 main reasons for the drop: The US Federal Reserve hints of high interest rate and Scotland’s decision to stay in the UK.

There’s a chance that we can see a rise in the dollar soon, but it’s still largely unknown what will happen.

Apparently the Chinese economic growth is hurting miners, causing the European shares to drop.

Tesco fell a whopping 10.7% after getting its third warning this year due to a fault in its accounts.

Other shares like the STOXX Europe 600 index and the FTSEurofirst 300 index also took a hit.