Gold and silver prices plunge due to strong dollar and fading Fed rate cut expectations
Gold fell sharply to $5,018/oz, while silver plunged 12% to under $80/oz, driven by a strong dollar and fading Fed rate cut expectations—but both metals remain up 17% YTD.
While Middle East conflicts typically boost gold, the dollar’s surge made bullion more expensive for foreign buyers, creating a short-term correction rather than a long-term bearish trend.
Major banks (BNP Paribas, JPMorgan) predict gold could hit $6,000/oz by year-end, fueled by central bank buying, inflation fears and distrust in fiat currencies.
Silver’s steeper drop reflects its industrial demand risks, but its monetary value keeps it aligned with gold as a hedge against currency collapse and globalist financial control.
The pullback may be temporary, as gold historically rebounds strongly during crises. With escalating wars, Fed uncertainty and central bank manipulation, physical metals remain the ultimate hedge against engineered financial chaos.
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