Gold sinks to one-year low, silver slips below $50 on inflation concerns, tech selloff - Seeking Alpha
Gold and silver prices have dropped to multi-year lows due to rising inflation concerns and a broader selloff in the tech sector. Analysts suggest that higher energy costs and restrictive interest rate expectations are driving investors away from precious metals.
Why it matters
The decline in precious metals reflects broader market instability and investor anxiety regarding global inflation and interest rate policies.
Gold sinks to one-year low, silver slips below $50 on inflation concerns, tech selloff | Seeking Alpha
Gold futures fell to the lowest in more than a year on Friday and silver slipped below $50/oz for the first time since last November, as wars in the Middle East and Russia-Ukraine push oil prices higher, raising inflation concerns with
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser. Is this happening to you frequently? Please report it on our feedback forum.
Also covering this story
3 other newsrooms covered this event. We read each version separately.
International Gold Price Falls Below $3,900 Mark; Chinese Jewelry Prices Retreat Nearly 550 Yuan per Gram This Year
Gold falls below $3,900, silver tumbles as Wall Street selloff triggers liquidation - Kitco PM Report
Gold prices plunge to one-year low below $3,900 as higher oil prices fuel fears of more pain ahead - Kitco
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in