US Financial Crisis Triggers Gold and Silver Price Drop

In an unexpected turn of events, the precious metals market is strapped in for a rollercoaster ride as the prices of gold and silver registered a dramatic tumble. The sudden fall has been triggered by the current financial crisis shadowing over the United States.nnThe financial crisis signals in the US have been flashing red, indicative of tumultuous times ahead for the national economy. Historically, in times of economic downturn, investors typically flock towards gold as a safer investment. Yet, the current trend contradictorily witnesses investors pulling out, leading to a significant drop in gold and silver prices.nnThis surprising crisis maneuver questionably hints at investor confidence wavering not just in the regular markets but also in the traditionally safer investment of precious metals. We keep a close eye on the future unraveling of these precarious connotations that hang heavy over the financial ecosystem. Read More