why is gold crashing

April 15, 2013. The same factors that shot gold up are causing its fall. One of the biggest reasons has to do directly with the stock market.

Why Gold Is Crashing. The sharp decline follows a failed breakout attempt last week that pushed prices to within $20 of their most recent peak. Why Is Silver & Gold CRASHING Again? | Chart: barchart.com. It’s also the last day of the month, so some traders are locking in gains or getting losses off their books. Share. Aren’t gold and silver crisis hedges?

Our call of the day looks at what strategists are saying about this push further into bear territory for gold.

Since gold is an industrial commodity as well as a consumer good, it’s not immune to the broader economy. The most-trusted safe haven had been rallying for weeks over fears that the coronavirus outbreak would disrupt global trade flows and economic growth.The slide in precious metals on Friday came against a backdrop of uncertainty over raw material demand. C - 502, Flushing Meadows, Ferns City Road, Doddanekundi The gold/silver ratio has soared to 95, its highest level since March 1991.Why is this happening? – Something BIG Is Happening! As long as you keep liking, sharing, commenting, clicking on our articles, subscribing to our newsletter and tell your friends about IWB, we’ll keep standing up, speaking out and fighting back! | Image: Johannes EISELE / AFP Gold’s April futures contract crashed $78.00, or 4.7%, to $1,564.00 a troy ounce on Friday, marking the worst selloff in roughly seven years. A surprise rate cut could stabilize gold … The rout in precious metals extended far beyond gold. Author: James Kostohryz Publish date: Apr 15, 2013 9:49 AM EDT. The price of gold crashed along with stocks on Friday, as the rapidly spreading coronavirus was seen impacting demand for raw materials. Gold’s freefall hastened Monday after the December contract fell below $1,500 and subsequently failed to hold the $1,490 support level. Spot platinum was off by as much as $54.79, or 6.1%, to $848.25 an ounce.Gold’s biggest selloff in years caught many traders by surprise on Friday.

Why Is Safe-Haven Gold Suddenly Crashing? Aren’t gold and silver crisis hedges?One of the biggest reasons has to do directly with the stock market. Tweet.

James Kostohryz. Share. TheStreet.com. The yellow metal has erased most of its gains for the year and is currently trading at its lowest level in two-and-a-half weeks.The rout in precious metals extended far beyond gold. Silver futures crashed $1.34, or 7.6%, to $15.40 a troy ounce. Silver is down over 6%. It’s because of needs elsewhere, and gold is available to help. Why Gold Is Crashing. Why Is Silver & Gold CRASHING Again? Gold is the latest casualty of the global financial meltdown, but there’s good reason to believe the downturn won’t last. His work has been featured in and cited by some of the world's leading newscasts, including Barron's, CBOE, Yahoo Finance, and Forbes. Margin calls may have also impacted futures traders with exposure to other assets. Beyond the immediate, bullion is still benefiting from the same value drivers that pushed it to seven-year highs just a few weeks ago.Slowing global growth, a reduced exposure to risk among investors and highly accommodative monetary policy are likely to keep gold prices elevated.Disclaimer: The above should not be considered trading advice from CCN.com.Financial Editor of CCN.com, Sam Bourgi has spent the past decade focused on economics, markets, and cryptocurrencies. Gold is down over 3% today as we write. The gold/silver ratio has soared to 95, its highest level since March 1991.Why is this happening?

NEW YORK ( TheStreet) -- If you want to understand the … December gold is the most actively traded futures contract, so there could be plenty more volatility in the near term as the price gives back some of 2019’s stellar gains. Silver is down over 6%. – Something BIG Is Happening! Why, indeed. Reblog. Gold is down over 3% today as we write. The Fed may use its emergency powers to slash interest rates as soon as this weekend. Spot platinum was off by as much as $54.79, or 6.1%, to $848.25 an ounce. Falling demand as a result of coronavirus will likely impact gold’s other use cases.If gold’s selloff was largely triggered by traders covering margin calls, a swift recovery is possible in the near term. Silver futures crashed $1.34, or 7.6%, to $15.40 a troy ounce. It’s the same reason gold and silver crashed in October 2008.A number of other analysts are pointing this out as well.In other words, it’s not because there’s something wrong with gold. Sam is based in Ontario, Canada and can be contacted at sam.bourgi@ccn.com or Please accept the use of cookies to read the full article with 3rd party embeds like Tweets and Youtube videos, including comments and ads. Gold futures plunged on Friday, erasing a month’s worth of progress. Gold prices are crashing as we head into Friday’s close.