Silver drops 3.5% ahead of US midterm elections
5 Articles
5 Articles
Silver prices crash ₹8,500/kg, gold drops ₹2,000/10g as US-Iran tensions revive inflation fears; is more fall ahead?
Silver futures fell to the lowest level since late November 2025, erasing Monday’s gains as reports of a US strike on Iran sent oil prices higher and revived inflation concerns. Gold also declined, while investors weighed interest-rate expectations, US midterm elections and an upcoming jobs report.
In Comex, metal for December ended in a fall of 0.73%, to US$ 3,940.4 per ounce-troy, while silver for December lost 2.23%, to US$ 49.75 per ounce-troy
Gold, silver decline as strong U.S. jobs data lifts yields on election day - Kitco PM Report
(Kitco NewsWire) - Spot gold and silver prices were lower in late U.S. trading Tuesday, as stronger-than-expected U.S. labor-market and factory orders data lifted Treasury yields and reinforced expectations for additional Federal Reserve tightening. Precious metals remained under pressure despite another decline in crude oil prices, while investors positioned for the U.S. midterm election results and assessed conflicting signals about negotiatio…
Precious metals suffer a strong correction to the U.S. legislative elections and military escalation against Iran. Gold falls to $3,895, and investors prepare for further turbulence.
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