News
🚨 🌍 Silver slides nearly 5% and gold drops 2% as metals lose their haven bid
🚨 🌍 Silver slides nearly 5% and gold drops 2% as metals lose their haven bid
- 🌍 Spot silver has extended its losses to about 55.17 an ounce, down nearly 5% on the day, per newswires ()
- 🌍 Gold is down about 2% on the day even with Houthi claims of strikes on Saudi sites and Iran keeping Hormuz shut
FO view: With the dollar flat and yields lower, this reads as liquidation to meet losses elsewhere rather than a stronger dollar.
Not investment advice.