The Economic Times

Why gold and silver prices crashed even during a turbulent stock market gold falls to about $5,130 and silver drops near $82; whats happening with gold, silver, copper and platinum prices today?

Why gold and silver prices crashed today: Gold and silver prices slipped despite global market turmoil. Gold price today trades near $5,130, down about 0.09%. Silver price falls near $82, dropping almost 1%. Investors moved toward the US dollar and Treasury yields at 4.11%, reducing demand for non-yielding metals. The US Dollar Index jumped to 99.10 after strong ADP jobs data (63K) and ISM Services PMI at 56.1. Higher interest-rate expectations pressured bullion. Meanwhile, the US-Israel-Iran conflict keeps markets tense. Platinum holds near $2,149 and copper near $5.80. Analysts say gold and silver may stay volatile as dollar strength, war risks and Fed policy drive commodity markets.