Gold, Silver Slide as Oil Surges, Driving Volatility in Global Commodities

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Minseung Kang

Forecast Trend Report by Period

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Photo: Shutterstock
Photo: Shutterstock

Gold and silver prices fell sharply in global commodity markets, while international crude prices surged, highlighting diverging moves across asset classes. Broader market volatility is increasing.

Odaily, a media outlet focused on digital assets, reported on April 28 that gold fell 2.22% on the day to $4,577.52 an ounce. Silver dropped 3.87% to $72.547 an ounce.

Energy markets moved higher. West Texas Intermediate crude rose 2.96% to $102.40 a barrel, while Brent crude gained 2.30% to $110.68 a barrel.

In foreign exchange markets, the dollar maintained its strength. USD/CNH rose 0.21% to 6.83986, while USD/JPY added 0.07% to 159.546.

Digital-asset volatility gauges also edged up. The Bitcoin Volatility Index, or BVIX, rose 0.84% to 42.06, while the Ethereum Volatility Index, or EVIX, increased 0.50% to 60.30.

Minseung Kang

Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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