Gold falls below $3,900, silver tumbles as Wall Street selloff triggers liquidation Kitco PM Report
AI Market Summary
Gold and silver are under pressure as a Wall Street selloff forces liquidation across precious metals, while a tanker attack lifts oil and adds to inflation risk. Sticky PCE and restrictive Fed expectations reinforce the selloff, dampening near-term demand for gold despite safe-haven appeal.
Impact level
● High
Affected assets
NCCOGOLD2USD/USDT-0.12%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
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(Kitco NewsWire) - Spot gold and silver prices were sharply lower in late U.S. trading Friday, as a technology-led equity market selloff intensified liquidation pressure across precious metals, offsetting the support normally provided by falling Treasury yields and heightened geopolitical uncertainty. Crude oil prices climbed more than 2% following another tanker attack in the Strait of Hormuz, adding to inflation concerns and expectations that Federal Reserve monetary policy will remain restric
