Gold and Silver Tumble as Strong Jobs Data Shakes the Rate Cut Narrative
Published on HivePostify by @cryptictruth · Sat Jun 06 2026
Precious metals took a decisive hit at the end of the week, with gold and silver falling sharply after a stronger than expected U.S. jobs report upended market expectations and reignited fears of prolonged high interest rates. At the core of the selloff is a simple but powerful dynamic where the macro narrative flipped and metals were caught on the wrong side of it. This now means silver has lost ore than 23% in 3 months..
The latest U.S. labor data came in far stronger than anticipated, signaling that the economy remains resilient despite aggressive monetary tightening. According to reports, job growth significantly exceeded forecasts, reinforcing the idea that the Federal Reserve is nowhere near cutting rates. This matters because gold and silver had been rallying partly on the assumption that rate cuts were imminent. That thesis just took a major blow. Instead, markets are now repricing toward a higher for longer interest rate environment and that shift is toxic for precious metals.
Yesterday was brutal with an 8% sell off in physical, but it may see prices come down enough where I want to buy more!
Right now this prices are out of touch just look at buffalo rounds on Apmex. $77.46 is not fair value in my humble opinion.
Tags: #silvergoldstackers#money#leo#news#pob#leofinance