Gold sinks to one-year low, silver slips below $50 on inflation concerns, tech selloff - Seeking Alpha — SkimNews
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- Gold sank to a one-year low as a tech rout drove the metals selloff, with Reuters describing white metals as sinking deep into oversold territory
- Silver slipped below $50, with strong U.S. GDP and inflation data supporting Federal Reserve tightening bets
Why it matters: Silver falling below $50 alongside gold's one-year low is the concrete price damage, and the source ties both to strong U.S. GDP and inflation data supporting Federal Reserve tightening bets — making this metals selloff a direct read on rate expectations rather than an isolated commodity move.
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