Spot prices for silver and gold are stabilizing after a rocky stretch of record gains and losses. Market volatility has caused headaches for local coin shops that typically buy precious metals. “If you do it wrong, you’ll run out of capital very quickly,” one shopkeeper told Business Insider. If January was a party in the … Read more
“This is absolutely INSANE.” While the comment came from a social media post, the painful knee-jerk reaction is likely to reverberate across the board for anyone even remotely interested in crypto, as bitcoin just dropped to nearly $77,000 on Saturday and has held there ever since. The price of the biggest digital asset didn’t just … Read more
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