US EditionBinance’s CZ: Metals Drop Proves Any Asset Vulnerable To Swings, Bitcoin Is ‘Still Early' - Gold.com (NYSE:GOLD)
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Binance’s CZ: Metals Drop Proves Any Asset Vulnerable To Swings, Bitcoin Is ‘Still Early' - Gold.com (NYSE:GOLD)
In the wake of a significant drop in gold and silver prices, Binance founder Changpeng Zhao has offered his insights on the future of Bitcoin (CRYPTO:
Precious metals market earthquake
The price of gold fell from a record $5600 to $4770 per ounce. On Friday, the price of silver fell by 31%. This is the biggest percentage drop in the price of this bullion since March 1980. What could be the reasons for such declines? Gold hit a new record high on Thursday at $5600 per ounce.…
Sharp Declines Hit Gold and Silver Amid Global Liquidity Crunch
Gold and silver markets experienced steep declines during weekend trading, in a sudden move that defied prevailing expectations of higher precious metal prices amid rising geopolitical risks and continued central bank purchases. Prices recorded losses exceeding 10% in some sessions, marking one of the most severe short-term sell-offs in recent periods.
Most investors see them as a refuge in times of uncertainty and constant upheaval. That is why the speed and magnitude of yesterday's collapse in the prices of gold and... The shock of 7 trillion dollars: How safe gold and silver sank in one day - ΙΝΑΦΤΕΜΟΠΟΡΙΚΙ
The sudden plunge in gold and silver prices has ended a months-long rally. Analysts warn that the triggers were political signals from Washington, a strengthening dollar, and previously overheated market technicals.
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