Gold $4,334.50 and silver $67.39 dip on US data
Gold and silver prices dropped again on Monday, with gold slipping to $4,334.50 per ounce and silver falling more than 2% to $67.39.
This continues last week's steep losses (gold was down nearly 5%, silver about 9%) as strong US economic data and changing interest rate expectations pushed investors away from precious metals.
Investors shift focus to oil
A stronger US job market, rising bond yields, and a firm dollar have made gold and silver less attractive lately.
Plus, tensions in West Asia are sending energy prices higher, so investors are paying more attention to oil than bullion right now.
Analysts say gold and silver could stay unpredictable as everyone watches inflation numbers, central bank decisions, and global events.
If you're thinking about investing in these metals, keep an eye on the news: it's moving fast!