Gold and silver prices crashing big but why Goldman says buy the dip – Gold falls to 4,415.70 while silver drops to 70.30: Is a precious metals rebound around the corner?
Gold and silver prices crashing big have shaken markets as gold hits $4,415.70 and silver drops to $70.30. Rising oil shocks are driving inflation fears across global markets. Goldman Sachs says oil now leads all asset movements. Strait of Hormuz disruptions cut flows to just 5% temporarily. Interest rate expectations rise, strengthening the U.S. dollar sharply. ETF outflows and profit booking add pressure. Yet Goldman calls this dip a long-term buying opportunity. Will gold rebound or fall further from here?