In an unexpected turn of events, the prices of precious metals such as gold and silver faced a sudden decline. The prominent reasons behind this abrupt collapse are contributed to a combination of economic and geopolitical events. The rise in interest rates by central banks, appreciation of dollar, and robust equity markets have contributed to the decrease in gold and silver prices. Additionally, the diminished demand for these metals as a safe haven also added to this downfall. However, it’s noted that gold and silver still remain crucial financial assets and the market is expected to stabilize soon. Read More
Leave a Reply