Gold, Silver Experience Sharp Declines Amid Inflation Concerns

Precious metals have grappled with strong price losses this week, with gold and silver not immune to the downward pressures. The steep drop in price levels is predominantly a response to increasing global inflation worries. As investors scurry for safer monetary assets, the usually reliable havens of gold and silver have taken a hit. The ongoing global economic climate coupled with inflation rates signpost a challenging phase for these two precious metals. However, analysts also view this as a market correction phase and project a possible rebound. Read More