Gold and silver prices dropped: buying moment?

Gold and silver have long been popular investment instruments because of their status as safe havens in times of economic uncertainty. Recently, however, rising interest rates have caused some unease among precious metals investors.

Interest rate hikes

The US Federal Reserve has already raised interest rates twice this year and more increases are expected to follow. This has led to a rise in the US dollar and a fall in the prices of gold and silver.

Long-term outlook for precious metals

But despite these short-term effects, many investors continue to believe in the long-term outlook for precious metals. Many analysts point out that the fundamental factors driving the price of gold and silver, such as the growth of the global economy and geopolitical tensions, still favour these metals.

Moreover, there are other factors that can support gold and silver prices, such as growing demand from emerging economies and limited supply of new precious metal reserves.