Gold plunges 7%, silver plunges 14%, safe-haven logic fails during wartime
Gold fell $310 to $4,551/oz (-7.2%) in a single day, while silver plummeted from $77.77 to $66.93 (-13.9%). This marks the sixth consecutive trading day of decline for gold, setting the longest losing streak since the end of 2024. The typical logic is that war pushes up safe-haven assets, but this time is different—a strengthening US dollar index (DXY +0.4%), rising US Treasury yields, and inflation expectations driven by oil price surges have dashed hopes of the Federal Reserve turning dovish. Capital has been withdra
原文表示