Economic Times
Is this why gold and silver prices are crashing today? Gold prices today slipped below $4,650 despite rising Middle East tensions. Silver prices today dropped over 2%, slipping near $71 levels. Platinum prices plunged 2.5%, while copper prices edged lower amid growth concerns. A stronger U.S. dollar is making gold expensive for global buyers. Rising oil prices are fueling inflation fears across global markets. Rate cut hopes are fading as central banks turn cautious again. President Donald Trump warned Iran over the Strait of Hormuz crisis. Yet safe-haven demand is weakening unexpectedly. China continues steady gold buying, offering limited support. Is this dip temporary or a deeper correction ahead?
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