Gold has bounced back above $4,900/oz, as global stocks wobble and U.S.–Iran tensions linger. Meanwhile, silver has been on a wild ride — after dropping 9% on Thursday, it’s swinging between gains and losses, now trading in the mid-$70s.
CME Group raised margin requirements to calm the storm, showing just how sensitive silver is to volatility. From record highs above $115/oz last week to today’s swings, precious metals remind us that geopolitics, Fed decisions, and global demand can move markets fast.
Whether you’re stacking or watching, these swings highlight why understanding the bigger picture matters.
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"Mr. President, you frequently criticized Biden for not knowing what's going on in his name. This racist video..."
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Elon Musk,$PROVE the second-richest person in the world, revealed on "The Joe Rogan Experience" podcast that he typically sleeps around six hours a night. He tried sleeping less but found his productivity decreased. Musk works long hours, often until 1 or 2 a.m., and has previously admitted to working over 120 hours a week.
Musk discussed his ambitious plans for SpaceX, aiming to make life multi-planetary by developing large rockets to transport humans and cargo to Mars. He also shared updates on Tesla's upcoming Roadster, which aims to be the fastest car in the world, and his interest in merging SpaceX technology with Tesla vehicles, including the idea of adding rocket thrusters.
The billionaire's activity on Twitter significantly influences markets, with his tweets causing sharp rises in Bitcoin, Dogecoin, and GameStop stock. As of February 2021, Musk is valued at approximately $177.2 billion, making him the second-richest person globally, just behind Jeff Bezos.
$XAU Update 🚨$XAG Gold surged 5.8%, adding $1.87 trillion, and silver jumped 18%, gaining $672 billion in market value. This recovery is driven by easing geopolitical tensions amid rumors of new U.S.-Iran talks.
$XAU Jefferies' $XAG Șef Global al Strategiei de Capital, Chris Wood, a împărtășit o viziune optimistă pentru prețurile aurului. El estimează că metalul prețios ar putea înregistra o creștere de 77 la sută față de nivelurile actuale. Pe piața internă din India, acest lucru ar putea împinge prețul unui gram de aur aproape de 2 lakh Rs. Analiștii sugerează că factorii economici globali și achizițiile băncilor centrale alimentează această creștere pe termen lung.