Gold futures (GC=F) fell as much as 11% to trade below $4,800 an ounce on Friday in a sharp reversal of this year’s massive rally in precious metals. Spot gold saw its biggest daily drop since the early 1980s while silver (SI=F) also fell more than 25%, its biggest daily drop on record in a … Read more
Gold futures (GC=F) headed for their worst day since the early 1980s. The precious metal fell more than 10% to hover near $4,750 an ounce on Friday while silver (SI=F) also fell more than 20%, the biggest daily decline on record in several reversals of this year’s massive rally in precious metals. The volatility came … Read more
If you own gold or silver right now, you probably feel smart and a little anxious at the same time. I have been following this move closely, and the most striking thing is how calm Jerome Powell sounds compared to what gold and silver are actually doing. Gold rose to $5,600 an ounce after a … Read more
Gold (GC=F) fell to around $5,300 after briefly topping $5,600 an ounce on Thursday while silver (SI=F) also pared gains as the precious metals took a breather from a blistering rally. The decline was accompanied by a sell-off in the stock market, with the Nasdaq Composite (^IXIC) down as much as 2% amid declines in … Read more
Gold (GC=F) and silver (SI=F) investors are taking a victory lap this year as crypto bulls are left in the dust. On Friday, gold futures rose above $4,550 to remain at or near record highs, capping a year marked by more than 50 such records. Meanwhile, silver also surged past $75 an ounce, extending year-to-date … Read more