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Why Gold and Silver Stocks Got Butchered Thursday

·3 min read
Why Gold and Silver Stocks Got Butchered Thursday
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Gold and silver stocks got clobbered on Thursday as prices of precious metals tanked. It looks like just one of those bad days for gold and silver, but here's what you should really make of this drop. Because precious metals, particularly gold, are considered a safe haven asset against economic uncertainties, their prices are particularly vulnerable to economic data.