economy
Gold and silver sell-off accelerates as inflation fears grip global markets
The metals shed around 5% and 10%, respectively, while mining stocks and ETFs linked to gold and silver also fell.
TL;DR
- Gold and silver prices fell sharply, with spot gold down over 3% and spot silver down more than 3%.
- Mining stocks and ETFs linked to gold and silver also saw significant declines.
- The sell-off is attributed to fears surrounding the U.S.-Iran war and its potential to cause an energy shock and increase inflation.
- Broader risk-off sentiment led to declines in global equities and government bonds.
- Central banks are monitoring the conflict's impact on inflation, with some noting increased inflation risks.
- Past rallies in gold and silver in 2025 were followed by more volatile trading in 2026.
- Market analysts suggest investors are liquidating assets, potentially selling safe havens to fund other investments or reacting to a strengthening U.S. dollar.