The Economic Times

Gold and silver ETFs slip up to 3% as rising crude prices dampen rate cut hopes. Is it time to buy or wait?

Gold and silver ETFs saw a dip on Friday. This decline occurred as surging energy prices lowered expectations for early U.S. interest rate cuts. Higher oil prices fueled inflation concerns, creating uncertainty about the Federal Reserve's rate cut plans. This situation has somewhat diminished gold's safe-haven appeal. Experts advise investors to buy on dips and hold for long-term diversification.