This chart from the Financial Times illustrates the significant ongoing volatility in precious metals,
. . .speculators have effectively sidelined institutional investors for the time being.
Gold is currently trading down 5%, while silver has slumped 10%.
The pressing question is how long this speculative shakeout will last—and just how much damage we should expect.
- All we know for sure is that the extraordinary rise in the prices of both, while driven by fundamental factors, attracted lots of speculators.
- Meanwhile, oil prices have also fallen, with Brent down 5%, following a slight cooling in the fundamentally tense relations between Iran and the US. #economy#markets#oil#gold#silver
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