Gold Plunges as Trump's Middle East Speech Spooks Markets
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Gold prices plummeted today following President Trumps Middle East speech, with spot gold dropping four point three percent and silver even harder. Trumps warning of hitting Iran and calling on allies to fix the Strait of Hormuz issues sent markets into a tailspin, with stocks sliding, the US dollar index climbing, and oil prices spiking. Golds safe-haven appeal faded as investors sold off to cover losses. March saw bullions worst drop in over seventeen years, and gold settled three point one percent lower at four thousand six hundred eleven dollars and thirty-eight cents per ounce. Silver also fell, off five point nine percent to seventy dollars and sixty-eight cents. Markets will be light and risk-focused ahead of the Good Friday weekend.
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