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Gold, Silver, Platinum Prices Plunge 6% in Minutes While Gas Soars 35%: What's Driving the Volatility?
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Commodity Chaos: Platinum, Silver, Gold Crash as Gas Prices Skyrocket 35%
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CNBC Awaaz
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19-03-2026, 13:40
Commodity Chaos: Platinum, Silver, Gold Crash as Gas Prices Skyrocket 35%
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Platinum, silver, and gold experienced significant drops, with silver falling over 6% and platinum over 3%.
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Gold also saw a decline of over 1%, bringing its price down to $4,768.19 per ounce.
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European gas prices surged by 35% following news of damage to Qatar's LNG plant, escalating energy market tensions.
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Investors are shifting focus from precious metals to the energy sector due to rising crude oil and gas prices.
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Uncertainty over global interest rates and inflation is also pressuring metals, making them less attractive without fixed returns.
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