What’s happened to the price of gold and silver? | ABC NEWS
The price of silver plunged 30 per cent over the weekend, and the value of gold also plummeted.
Business correspondent David Taylor spoke to some punters waiting for hours outside ABC Bullion in Sydney about why they’re buying the precious metals
Meanwhile in Perth last week, people waited for hours outside the Perth Mint to buy up gold and silver, as prices reached record highs.
Kyle Rodda says the ‘once in a generation’ drop comes after an excess in speculative positions building in the market as Donald Trump announced his nominee for chair of the US Federal Reserve. #ABCBusiness #GoldPrices
Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2026-02-03/panic-selling-hits-gold-as-analysts-warn-of-market-regime-change/106296154
ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It’s news when you want it, from Australia’s most trusted news organisation.
For more from ABC NEWS, click here: https://ab.co/2kxYCZY
Watch more ABC NEWS content ad-free on ABC iview: https://ab.co/2OB7Mk1
Go deeper on our ABC NEWS In-depth channel: https://ab.co/2lNeBn2
Like ABC NEWS on Facebook: http://facebook.com/abcnews.au
Follow ABC NEWS on Instagram: http://instagram.com/abcnews_au
Note: In most cases, our captions are auto-generated.
#ABCNEWS #ABCNEWSAustralia
