Gold, silver, bitcoin crash as safe-haven **** er fades following Fed decision
Gold plummeted as much as 6% on Thursday, with the precious metal acting like anything but a safe-haven **** et as the Middle East conflict escalates.
Investors went risk-off as the prospects of higher inflation lowered the chances investors are placing on Fed rate cuts.
Gold futures (GC=F) fell to around $4,600 per ounce, while the broader metals complex was also hammered, with silver (SI=F) and copper (HG=F) dropping 13% and 5%, respectively. Even "digital gold" was battered, with bitcoin (BTC-USD) dropping b
Gold plummeted as much as 6% on Thursday, with the precious metal acting like anything but a safe-haven **** et as the Middle East conflict escalates.
Investors went risk-off as the prospects of higher inflation lowered the chances investors are placing on Fed rate cuts.
Gold futures (GC=F) fell to around $4,600 per ounce, while the broader metals complex was also hammered, with silver (SI=F) and copper (HG=F) dropping 13% and 5%, respectively. Even "digital gold" was battered, with bitcoin (BTC-USD) dropping b
1 month ago
