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Gold and Silver Prices Plunge $2 Trillion Amid Iran Conflict, Fading Rate Cut Hopes

Gold and silver prices have plunged to a four-month low globally, wiping out $2 trillion on Monday's market opening, as the Middle East conflict and fading hopes for rate cuts contribute to economic uncertainty and squeeze gold miners.

23 Mar, 05:24 — 23 Mar, 11:02
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The Story

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Source Diversity

Excellent (92/100)
16 sources33/33
Spectrum spread4/5 buckets covered25/33
Far L
Left4
Left (4)
Yahoocnbctvn24yle-uutiset
Center7
Center (7)
orftagesschaumarketwatchBangkok Post24urDawnexpress-tribune
Right4
Right (4)
naftemporikichannel-news-asiale-figaroseeking-alpha
Far R1
Far Right (1)
Daily Sabah
Geographic diversity12 regions34/34
US4Pakistan2Austria1Greece1Poland1Singapore1France1Germany1Thailand1Slovenia1Turkey1Finland1

Sources

Showing 8 of 16 sources
cnbcMostly Factual1h ago

Gold miners' bull run squeezed as prices plummet and energy costs soar

Gold's recent move lower has second-order effects for the prospects of the firms that dig the metal out of the ground.

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marketwatchMostly Factual2h ago

Gold flirts with bear-market territory as Iran war takes its toll

Higher interest rates, forced liquidation of positions for margin calls and the possibility of central banks having to tap their reserves are conspiring to send gold lower, despite the economic uncertainty from which it’s meant to benefit.

By Jules Rimmer

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YahooMostly Factual1h ago

Gold and Silver Wipe Out $2 Trillion on Monday Market Opening, Will Bitcoin and Crypto Follow?

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DawnMostly Factual2h ago

Gold dives to 4-month low as inflation pressures lift rate hike bets

Gold slid more than eight per cent on Monday to hit its lowest level in four months, after logging its biggest weekly loss in about 43 years last week, as an escalating Middle East conflict stoked inflation concerns and raised expectations of higher global interest rates. Spot gold declined 6.3pc to $4,203.21 per ounce by 07:57 GMT (12:57pm PKT), extending losses into a ninth straight session. It had shed more than 8pc to $4,097.99 earlier in the session to its lowest level since November 24....

By none@none.com (Reuters)

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channel-news-asiaMostly Factual2h ago

Gold dives to four-month low as inflation pressures lift rate hike bets

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Bangkok PostMostly Factual2h ago

Gold prices plunge in Thailand

Gold prices in Thailand dropped sharply on Monday, falling by 3,850 baht from the previous  close, according to the latest update from the Gold Traders Association.

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express-tribuneMostly Factual6h ago

Gold, silver prices drop sharply in global, local markets

Price of gold per tola dropped by Rs43,600, settling at Rs447,762 in local markets

By Ehtesham Mufti

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Daily SabahMixed3h ago

Gold, silver slide sharply as rate cut hopes fade amid Iran war

Gold and silver prices continued to see sharp losses on Monday, with bullion failing to act as a traditional safe haven amid the Iran conflict, as rate cut hopes fade and markets a...

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Coverage Timeline

First report: yle-uutiset · 23 Mar, 04:04Full coverage: 16 · 7hWindow: 7h
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