Gold hits one-year low, silver slips below $50 as inflation fears bite
Gold and silver prices have plummeted to their lowest in a year as energy costs surge and inflation remains a pressing concern. The decline in precious metals mirrors waning investor confidence, driven by fears over persistently high interest rates set by the US Federal Reserve. Furthermore, weak demand from major Asian markets is further stifling gold sales, contributing to the downturn seen in…
Gold prices hit a one-year low Friday, while silver reached a new low of $49.34 an ounce, marking its first time under $50 since November 2025. Rising oil prices fuel concerns about inflation, leading investors to sell metals to cover losses in other sectors, dragging mining stocks down as much as 8%. The precious metals industry has seen a decline of nearly $140 billion in market value for the top five gold and silver producers since this year's high, with significant drops in Newmont, Agnico Eagle Mines, and Barrick Mining.
Despite expectations of a recovery, physical buyers have not yet stepped in, and demand in key markets like India and China remains subdued.
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