[MARKET UPDATE] Renewed selling in precious metals with spot gold down by 1.8% to trade beneath USD 4900/oz, while spot silver retests intraday lows of USD 73/oz
Newsquawk Staff ·
Renewed selling in precious metals with spot gold down by 1.8% to trade beneath USD 4900/oz, while spot silver retests intraday lows of USD 73/oz.
What it means
The renewed selling in precious metals indicates a bearish sentiment among traders, with gold and silver both experiencing significant declines. This movement could signal increased risk appetite elsewhere or a strengthening USD; monitoring the impact on inflation expectations and corresponding shifts in safe-haven demand will be crucial.
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