Gold and silver crash in price after precious metal mania | ABC NEWS
The price of silver plunged 30 per cent over the weekend, with gold also diving. Kyle Rodda says the ‘once in a generation’ drops come after an excess in speculative positions building in the market collided with Donald Trump’s relatively independent nominee for chair of the Federal Reserve.
Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2026-02-02/asx-markets-business-news-live-updates/106293384
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

