Gold, Silver Slide Amid US-Iran Escalation: Why Citi Sees Further Downside
The U.S. struck Iran late Tuesday in a retaliatory operation for the downing of an American Apache combat helicopter near the Strait of Hormuz, sending prices of precious metals lower. Spot gold prices lost more than 2%, and silver spot prices declined more than 2.5% in the overnight session. Citi lowered its gold price forecast … Read more