#PreciousMetalsAndOilPricesSurge President Donald Trump of the ABD, in his latest statement regarding the developing crisis with Iran, pointed out a new military phase he described as a "major wave." Trump's warning triggered an unexpected price movement in global markets. While there was a significant decline in precious metals, cryptocurrencies experienced a rapid surge.
Sharp Decline in Gold and Silver Trump described the US military operations in the region as "very strong" and indicated that the scope of these operations could expand further in the future. Following his statements, large sell-offs occurred in gold and silver within just one hour. The spot gold price fell by 2.05%, dropping approximately $100 per ounce. This sharp movement reduced gold's market value by about $750 billion. The loss in silver was even more pronounced; prices dropped over 7% in less than two hours, resulting in a total contraction of $370 billion. This situation has led investors to question the safe-haven role of precious metals. NOT INVESTMENT ADVICE
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#PreciousMetalsAndOilPricesSurge President Donald Trump of the ABD, in his latest statement regarding the developing crisis with Iran, pointed out a new military phase he described as a "major wave." Trump's warning triggered an unexpected price movement in global markets. While there was a significant decline in precious metals, cryptocurrencies experienced a rapid surge.
Sharp Decline in Gold and Silver
Trump described the US military operations in the region as "very strong" and indicated that the scope of these operations could expand further in the future. Following his statements, large sell-offs occurred in gold and silver within just one hour. The spot gold price fell by 2.05%, dropping approximately $100 per ounce. This sharp movement reduced gold's market value by about $750 billion. The loss in silver was even more pronounced; prices dropped over 7% in less than two hours, resulting in a total contraction of $370 billion. This situation has led investors to question the safe-haven role of precious metals.
NOT INVESTMENT ADVICE