Member of the LBMA
Independent Authority for precious metals
Gold and silver prices have seen a sharp downturn this week as the dollar continues to strengthen and bond yields rise. Gold has fallen 2.8% in USD since markets opened this week, dropping below the key $1,900 level, with silver down 4.6% in the same period.
As expected, Wednesday and Thursday have proven to be volatile for financial markets following key rate decisions from the world’s central banks.
After the typical lull of the summer weeks, September is often a volatile month for money markets, and the past few days suggest this will be the same in 2023.
