๐จ Gold & Silver Crash to 7-Month Lows
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$XAU Gold has fallen below $4,000/oz for the first time since November.
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$XAG Silver has extended its sharp decline as investors brace for the possibility of higher U.S. interest rates.
๐ From Peak to Pullback:
๐น Gold peaked near $5,600/oz in January
๐น Silver surged to around $121/oz
๐น Both metals have since suffered a major correction
โ ๏ธ What's driving the sell-off?
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Stronger U.S. dollar
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Hawkish Federal Reserve outlook
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Rising expectations of rate hikes
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Weak safe-haven demand despite geopolitical tensions
Markets are now focused on whether the Fed will raise rates later this year. Higher rates increase the opportunity cost of holding non-yielding assets like gold and silver.
๐ After a 20%+ correction, is this a historic buying opportunity or the start of a deeper bear market?
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