Gold and Silver Plummeted: Markets Were Thrown Into Turmoil Amid War Fears and the Fed's Grip - Sözcü Newspaper
4 Articles
4 Articles
Fears of armed conflict and the upcoming interest rate decision by the US Federal Reserve (Fed) have sent shockwaves through global markets. Following Trump's ultimatum regarding the Strait of Hormuz and the attacks in the Gulf, investors are abandoning safe-haven gold and flocking to the dollar, while Middle Eastern stock markets are experiencing historic losses.
Gold prices declined today, Thursday, with rising tensions in the Middle East and rising inflation concerns, amid expectations that the United States Federal Reserve will keep interest rates unchanged in the short term.
The sharp drop in gold and silver prices has become a major topic in global markets. Concerns about the war in the Middle East, statements from the US, and uncertainties surrounding the Fed's interest rate decision have influenced investor sentiment. The price of gold fell to $4,054 per ounce, while the price of gold per gram dropped to 6,450 Turkish Lira, with silver losing more than 5%. Gulf stock markets also saw declines.
Silver loses about 4% and gold falls below $4,100 in the face of tension in the Middle East and fear of further interest rate hikes.
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