why is gold crashing

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Gold futures plunged on Friday, erasing a month’s worth of progress. Silver is down over 6%. The rout in precious metals extended far beyond gold.

Share. The price of gold crashed along with stocks on Friday, as the rapidly spreading coronavirus was seen impacting demand for raw materials.

It’s because of needs elsewhere, and gold is available to help. TheStreet.com.

Why Gold Is Crashing.

The sharp decline follows a failed breakout attempt last week that pushed prices to within $20 of their most recent peak. His work has been featured in and cited by some of the world's leading newscasts, including Barron's, CBOE, Yahoo Finance, and Forbes.

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Sam is based in Ontario, Canada and can be contacted at [email protected] or Please accept the use of cookies to read the full article with 3rd party embeds like Tweets and Youtube videos, including comments and ads. Gold is down over 3% today as we write. The Fed may use its emergency powers to slash interest rates as soon as this weekend. Why Is Silver & Gold CRASHING Again?

Aren’t gold and silver crisis hedges? Margin calls may have also impacted futures traders with exposure to other assets. It’s also the last day of the month, so some traders are locking in gains or getting losses off their books.

Tweet. April 15, 2013. Silver futures crashed $1.34, or 7.6%, to $15.40 a troy ounce. Aren’t gold and silver crisis hedges?One of the biggest reasons has to do directly with the stock market.

A surprise rate cut could stabilize gold … Gold is the latest casualty of the global financial meltdown, but there’s good reason to believe the downturn won’t last.

Gold is down over 3% today as we write. Beyond the immediate, bullion is still benefiting from the same value drivers that pushed it to seven-year highs just a few weeks ago.Slowing global growth, a reduced exposure to risk among investors and highly accommodative monetary policy are likely to keep gold prices elevated.Disclaimer: The above should not be considered trading advice from CCN.com.Financial Editor of CCN.com, Sam Bourgi has spent the past decade focused on economics, markets, and cryptocurrencies. James Kostohryz. – Something BIG Is Happening!

NEW YORK ( TheStreet) -- If you want to understand the … Since gold is an industrial commodity as well as a consumer good, it’s not immune to the broader economy.

The gold/silver ratio has soared to 95, its highest level since March 1991.Why is this happening?

Why Is Safe-Haven Gold Suddenly Crashing? The gold/silver ratio has soared to 95, its highest level since March 1991.Why is this happening? C - 502, Flushing Meadows, Ferns City Road, Doddanekundi December gold is the most actively traded futures contract, so there could be plenty more volatility in the near term as the price gives back some of 2019’s stellar gains. Gold’s freefall hastened Monday after the December contract fell below $1,500 and subsequently failed to hold the $1,490 support level.

The most-trusted safe haven had been rallying for weeks over fears that the coronavirus outbreak would disrupt global trade flows and economic growth.The slide in precious metals on Friday came against a backdrop of uncertainty over raw material demand.

Falling demand as a result of coronavirus will likely impact gold’s other use cases.If gold’s selloff was largely triggered by traders covering margin calls, a swift recovery is possible in the near term. Our call of the day looks at what strategists are saying about this push further into bear territory for gold. | Image: Johannes EISELE / AFP Gold’s April futures contract crashed $78.00, or 4.7%, to $1,564.00 a troy ounce on Friday, marking the worst selloff in roughly seven years.

Reblog. Spot platinum was off by as much as $54.79, or 6.1%, to $848.25 an ounce.Gold’s biggest selloff in years caught many traders by surprise on Friday. Why Gold Is Crashing.

| Chart: barchart.com.

Silver futures crashed $1.34, or 7.6%, to $15.40 a troy ounce. Spot platinum was off by as much as $54.79, or 6.1%, to $848.25 an ounce.

One of the biggest reasons has to do directly with the stock market. The yellow metal has erased most of its gains for the year and is currently trading at its lowest level in two-and-a-half weeks.The rout in precious metals extended far beyond gold.

Gold prices are crashing as we head into Friday’s close.

Silver is down over 6%. Why Is Silver & Gold CRASHING Again? – Something BIG Is Happening! The same factors that shot gold up are causing its fall. Author: James Kostohryz Publish date: Apr 15, 2013 9:49 AM EDT. Why, indeed. It’s the same reason gold and silver crashed in October 2008.A number of other analysts are pointing this out as well.In other words, it’s not because there’s something wrong with gold. As long as you keep liking, sharing, commenting, clicking on our articles, subscribing to our newsletter and tell your friends about IWB, we’ll keep standing up, speaking out and fighting back!

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