Gold and Silver Prices Plummet Amid Middle East Tensions

The gold and silver prices took a hit this week, dropping below $4,000 per ounce and $60 per ounce respectively.

The decline was due to increased conflict in the Middle East, which raised concerns about higher prices and interest rate hikes from the US Federal Reserve.

Despite cooler-than-expected inflation numbers, new Fed Chair Kevin Warsh stated that there's still 'plenty of work to do.'

At a recent Rule Symposium, experts discussed the outlook for gold and silver. Many agreed that these metals can potentially go lower than their current prices, with some predicting levels as low as $3,400 for gold and $50 for silver.