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Gold & Silver Prices Drop, Iran Talks Stall

Gold & Silver Prices Drop, Iran Talks Stall

Published 2 days, 4 hours ago
Description

Gold and silver prices started the week on a downward trend, with June gold futures opening at $4,654.50 per ounce, a 0.7% drop from Thursdays close, and silver July futures opening at $77.41, a sharp 9.3% drop from the previous day. The stalled peace talks with Iran and inflation fears, despite President Trumps summit in China, are driving these prices down. Brent crude oil and the U.S. dollar index have also seen increases over the past five days. Gold is down 1.3% from a week ago, 3.9% from a month back, but still up 47.7% year-over-year. Silver is off 4.2% weekly and 3.5% monthly, but soaring 138.8% from last year. Experts are divided on whether to include gold in your portfolio, with some advising against it for better returns, while others suggest allocating 2-20% based on your risk and goals. Keep a close eye on these fluctuations if youre investing in metals for protection against uncertainty.

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