From: GoldSilver - Monday Aug 09, 2021 02:56 pm
 
 

Gold fell more than 4% at the start of Asian trading early this morning following the sell-off inspired by Friday’s strong payroll numbers.

gold flash crash chart

The sudden “flash crash” was likely the result of gold falling through a key technical support level which triggered selling from large institutional traders.

 

Although gold has recouped much of its early losses today, it remains under pressure surrounding speculation the Federal Reserve may start to taper stimulus.

 

It’s a similar story for silver…

 

Silver briefly touched $23/oz, a new low for the year, before quickly rebounding.

For now, both gold and silver appear to have stabilized… but both remain 1% lower than their Friday close.

 

Silver is at its cheapest price since last November.

 

And with fresh inflation data releasing Wednesday, August 11, the wild ride for precious metals could continue as the market and central bankers react to the numbers.

 

Now may be a good time to check your holdings and consider if you have enough of history’s oldest hedge against inflation and market uncertainty – pure gold and silver bullion.

 

Because today they look to be "on sale.” 

 

Investing in precious metals at GoldSilver.com is easy. Home delivery, IRA, private storage with international vault locations, and affordable, liquid fractional ownership investment options are available.

Shop for Precious Metals Now
 

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