Gold, Silver Slide as Inflation Jitters Shift Fed Policy Outlook

Precious metals join the broader market selloff as Iranian conflict continues to spook investors.
Gold, Silver Slide as Inflation Jitters Shift Fed Policy Outlook
Gold coins are displayed at Witter Coins in San Francisco. Justin Sullivan/Getty Images
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Gold and silver swam in red ink during the March 19 trading session, joining the broader market decline amid economic and geopolitical uncertainty over the Iranian conflict.

An ounce of gold fell almost 6 percent, to around $4,620 on the COMEX division of the New York Mercantile Exchange. Following a meteoric start to the year, the yellow metal has pared most of its gains and is up just 6 percent year to date.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."