Gold, Silver Prices Plummet Overnight: Investors Face Shock as Trump's Comments Ease Tensions

• Gold and silver prices, along with their ETFs, experienced a sharp overnight decline, severely impacting investors.
• The sudden fall was triggered by US President Donald Trump's comments easing geopolitical and tariff tensions, specifically regarding Greenland and February 1 tariffs.
• Silver ETFs saw drastic drops, with some falling up to 21% in early trading, while Gold ETFs also declined significantly, some by over 12%.
• Analysts attribute the fall to profit booking and a shift in market sentiment rather than a change in bullion fundamentals, as the dollar strengthened and safe-haven demand reduced.
• Despite the correction, experts suggest that long-term structural drivers for gold and silver, like central bank accumulation and inflation hedging, remain intact, making it a potential accumulation zone.

Why It Matters: Gold and silver prices crashed overnight due to eased geopolitical tensions, leading to profit booking by investors.