The Economic Times

Whats happening with gold and silver prices? Why gold and silver prices are crashing despite USIran war and stock market turbulence - gold now below $4,700 and silver falling under $70

Gold and silver prices are crashing despite the USIran war, with gold below $4,700 and silver under $70. Investors expected a safe-haven rally, but rising inflation, a stronger U.S. dollar, and fading rate cut hopes are pushing metals lower. Gold dropped 4.18% to $4,691.70, while silver plunged 8.91% to $70.68, hitting one-month lows. The weakness wasnt limited to bullion, as platinum (PL00) slipped to $1,938.20 (-5.76%), and copper (HG00) also edged lower to $5.44 (-2.78%).