Gold Falls Even as the Dollar and Yields Drop
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The gold ended this Friday (30) in a sharp fall, reaching a minimum in about a year. Losses came in the midst of a widespread sale of technology actions in the face of concerns about spending on artificial intelligence and the renewal of inflationary fears. Silver, in turn, also had strong losses [...]
Gold and Silver Fall Despite Falling Yields — Is Position-Cutting Driving the Sell-Off? - ActionForex
Gold and Silver kept falling Friday even as US Treasury yields and the Dollar both declined—a break from the usual macro playbook. With tech stocks pressured by AI-spending concerns and crypto unsettled by the Binance breach, position-cutting across volatile assets is a plausible explanation, though not yet a confirmed one. Gold's 3,942.71 and Silver's $50 level are the next tests.
The gold price is once again under massive pressure and has fallen significantly below the psychologically important brand of 4,000 dollars. Even more dramatic is the development of silver: the silver price has slipped to a new year low at around 50 dollars and since its record high has lost almost 60 percent of value. The ongoing AI sale on the stock markets, high [...] The post gold price falls below 4,000 dollars: Silver falls at annual low a…
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