Gold, silver ETFs decline up to 4% as Trump repeats Iran war threat, Hind Zinc down 3%

Gold, silver ETFs decline up to 4% as Trump repeats Iran war threat,

down almost 3% in the opening Gold and Silver exchange-traded funds (ETFs) declined up to 4 percent on Thursday, tracking a fall in precious metal prices after they retreated from two-week highs. At 12:45 pm, Nippon India Silver ETF fell 4.04 percent, while Tata Silver Exchange Traded Fund slipped 4.11 percent. Among gold ETFs, Tata Gold ETF declined 2.01 percent, Nippon India ETF Gold BeeS was down 2.22 percent, and ICICI Prudential Gold ETF fell 2.16 percent. War updates again are negative Trump comments are also very negative It is expected that the tariff may be imposed on Pharma also Futures contracts of gold and silver on the Multi Commodity Exchange plummeted amid the steep fall in prices of futures on the COMEX. Prices of both precious metals fell as an escalation in the ongoing military hostilities in West Asia spurred fears of a rise in inflation, leading to concerns that central banks all over the globe could put a pause on rate cuts, or even hike them instead. All this is for information. This is not a buy/sell recommendation.