The Economic Times

Gold price drops 0.7% to $4,807 todayshould investors panic now as gold and silver prices risk a 10% crash with US-Iran deal still out of sight and crude oil threat rising?

Gold, silver rates crash fears intensify as prices already dropped sharply. Gold is down over 8%. Silver has plunged more than 16%. This comes during the USIran war. Crude oil now threatens to cross $120 per barrel. This is a critical trigger point. High oil pushes inflation higher. It keeps interest rates elevated. The Federal Reserve stays hawkish. The dollar strengthens further. That reduces bullion demand globally. If this trend continues, gold and silver rates crash risk remains high. Another 10% fall looks possible soon.