August 9, 2021

Gold’s selloff intensified Monday as oil plunged, and equities pulled back after Friday’s record close. Gold dipped to a year-low in early trading before stabilizing around $1,730, still it’s lowest price since March. Silver is trading at its lowest level since November, however, demand for physical gold and silver picked up today on this dip, suggesting a bottoming near current prices, at least for the short term. Stocks closed mixed with the Dow and S&P 500 in the red and the Nasdaq up 0.16%.