🚨PRECIOUS DROP : GOLD ( $XAU ) & SILVER ( $XAG ) WIPE OUT OVER $1.3 TRILLION IN MARKET CAP TODAY 💀
Gold plunged more than 3.5%, falling to around $4025 per ounce, its sharpest one-day drop since March and extending a four-day losing streak. Silver also remained under pressure, dropping to nearly $61.5 per ounce.
The selloff has erased more than $1.3 trillion in combined precious metals market value in just 24 hours, as rising inflation, higher bond yields, and expectations of further Fed tightening pushed investors away from non-yielding assets like gold and silver.
#GoldFallsThirdDayAfterUSIranStrikes
Gold plunged more than 3.5%, falling to around $4025 per ounce, its sharpest one-day drop since March and extending a four-day losing streak. Silver also remained under pressure, dropping to nearly $61.5 per ounce.
The selloff has erased more than $1.3 trillion in combined precious metals market value in just 24 hours, as rising inflation, higher bond yields, and expectations of further Fed tightening pushed investors away from non-yielding assets like gold and silver.
#GoldFallsThirdDayAfterUSIranStrikes