He gold priceconsidered active refuge in times of economic uncertainty, and that of silver They fell more than 4.6% and 8%, respectively, after registering sharp declines at the beginning of the day and last week.
According to data from Bloomberg collected by EFE, at 5:30 p.m. this Monday (4:30 p.m. GMT), the gold fell 4.67% and changed to $4,665.55 the ounce.
However, the yellow metal has fallen by 10% during the session, until reaching a intraday low at $4,402.95.
He Fridayhe gold already closed with a sharp drop of 8.95%, in which it was its worst session since April 15, 2013.
In this way, the gold moves away from the all-time highs that reached last day January 29at $5,595.47.
The price of silver
He silver price also suffers significant falls above 8%, up to $78.35 per ounce, after losing 16% this morning (minimum at $71.38).
The past Fridaythe silver It sank 26.36%, an unprecedented drop since there were official records, in 1976.
The steepest fall of the silver At the close of a session was March 27, 1980, when 18.58% was left, according to data from Bloomberg.
With these two days of sharp falls, the silver loses more than 35% from the records reached by January 29at $121.65.
- He gold also loses 16.6% from past highs January 29.
The XTB analyst Adrian Hostaled has explained that this trend of gold price “suggests an overall adjustment in precious metals after a very intense period of refuge buying.”
According to Manuel PintoXTB analyst, the gold metal has been affected by the announcement of Kevin Warsh as future president of the US Federal Reserve (Fed) replacing Jerome Powell.
“He gold and the silver can suffer new fixeslike bitcoin, when the appreciation of the dollar, the rise in bond yields and the reduction in market liquidity are discounted, while banks emerge as a new opportunity,” Pinto clarified.
The analysts of eToro They have also stressed that the news that Kevin Warsh could be nominated as president of the Fed strengthened the dollar and modified monetary policy expectations, which triggered forced sales of the gold due to the decrease in liquidity.
In the opinion of eTorodespite the falls, the fundamentals of the gold remain intact, since the central banks They continue to anchor demand.
As for the silverthe firm’s experts consider that it is different from goldsince it remains more fragile after a speculative excess.
