00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Gold and silver fell in a broad sell-off on Thursday as global markets reacted to the Iran
00:07war and inflation concerns, according to CNBC. Spot gold dropped 2.8% to $4,682.78 an ounce,
00:17and futures fell 4% to $4,700.20. Spot silver fell 5.3% to $71.38 an ounce,
00:27while silver futures dropped 7.7% before settling at $71.63. Mining stocks and ETFs dropped in
00:35pre-market trading, with the ProShares Ultra Silver ETF down 11.8% and the iShares Silver
00:41Trust ETF down nearly 6%. Tech Resources fell 7%, while First Majestic Silver and Kerr Mining declined
00:496.2% and 6.1%, marking the steepest losses among mining stocks. European mining shares also
00:56fell, with the stock's Europe Basic Resources Index down 4.5%. Central banks held rates steady
01:03and flagged inflation risks tied to the conflict. Investors monitored rising oil and gas prices
01:08and broader declines across equities and bonds. For all things money, visit Benzinga.com.
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