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
00:07Iran war and inflation concerns, according to CNBC.
00:11Spot Gold dropped 2.8% to $4,682.78 an ounce, and futures fell 4% to $4,700
00:20.20.
00:21Spot Silver fell 5.3% to $71.38 an ounce, while silver futures dropped 7.7% to $4
00:29,700.20.
00:29before settling at $71.63.
00:33Mining stocks and ETFs dropped in pre-market trading, with the ProShares Ultra Silver ETF
00:38down 11.8% and the iShares Silver Trust ETF down nearly 6%.
00:44Tech Resources fell 7%, while First Majestic Silver and Kerr Mining declined 6.2% and 6.1%,
00:52marking the steepest losses among mining stocks.
00:54European mining shares also fell, with the stock's Europe Basic Resources Index down 4.5%.
01:01Central banks held rates steady and flagged inflation risks tied to the conflict.
01:06Investors monitored rising oil and gas prices and broader declines across equities and bonds.
01:11For all things money, visit Benzinga.com.
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