GOLD AND SILVER DROP IN SHARP SELL-OFF
Gold fell 2.2% to $4,264.50 an ounce and silver slid 4.7% to $48.96 in a sudden decline with no clear trigger, says XTB’s Kathleen Brooks. She cites stretched valuations and expectations of softer U.S. CPI data as possible factors, noting the pullback shows investors remain cautious. Despite the drop, Brooks says the metals’ long-term fundamentals are still intact.The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments