Huo Xing Finance reports that, as of August 28, according to market data, since Federal Reserve Chair Walsh's remarks, spot gold and silver have sharply declined in the short term. Gold fell approximately $100 from its high before slightly recovering, touching a low of $4,530 per ounce and currently trading at $4,560 per ounce; silver dropped more than $1 on the day, hitting a low of $68.10 per ounce and currently trading at $69.00 per ounce.
Gold and silver prices drop sharply after Fed chair's speech
MarsBitShare
Summary
Gold and silver prices fell sharply after Fed Chair Walsh's speech, with the Fear & Greed Index indicating heightened market anxiety. Gold dropped about $100 from its peak, hitting $4,530 per ounce before rebounding to $4,560. Silver fell over $1, reaching $68.1 per ounce and is now trading at $69.0. The Fed announcement triggered immediate selling pressure across precious metals.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.