Gold and Silver Prices Hit New 8-Month Lows as Dollar, Oil Rise - BullionVault
Gold and Silver Prices Hit New 8-Month Lows as Dollar, Oil Rise - BullionVault
Source: BullionVault
―
DW NOTE
Gold is down 24% from its January high and silver down 49%, even as the Strait of Hormuz enters day three of closure, the Russia-Ukraine war logs 1,300 Russian casualties per day, and U.S. federal debt matches the entire economy. The dollar and oil are rising, which means traders still believe central banks control more than geopolitics does.