Silver and gold ETFs fall up to 6% amid rising crude prices and fading rate cut bets. Is this a buying opportunity?
Silver and gold ETFs saw significant drops of up to 6% on Monday as surging energy prices and geopolitical tensions dampened expectations of near-term U.S. interest rate cuts. Rising inflation concerns and a strengthening dollar have also weakened gold's safe-haven appeal, with experts advising investors to buy on dips for long-term diversification.
Silver and gold ETFs saw significant drops of up to 6% on Monday as surging energy prices and geopolitical tensions dampened expectations of near-term U.S. interest rate cuts. Rising inflation concerns and a strengthening dollar have also weakened gold's safe-haven appeal, with experts advising investors to buy on dips for long-term diversification.
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