Did they lose their shine? Gold and silver prices plummet amid Middle East tensions
Gold and silver show a significant drop this Tuesday. Photo: iStock
TL;DR
- Gold and silver prices are registering significant drops this Tuesday.
- The ongoing war in the Middle East, involving the US, Israel, and Iran, has not bolstered gold and silver prices.
- The dollar's appreciation as a safe-haven asset is negatively impacting gold prices.
- Gold fell 2.30% to US$5,201.5, reaching a low of US$5,075.22 earlier.
- Silver is down more intensely, falling 7.49% to US$82.72, with an intraday low of US$77.98.
- Gold had reacted with gains the previous day following joint US and Israeli attacks on Iran, but silver closed with a loss.