17:20 - 2.02.2026

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February 2, Fineko/abc.az. Bloomberg links the sharp collapse in gold and silver prices to active speculative purchases by Chinese investors.

ABC.AZ informs that in recent weeks, the influx of "hot money" has greatly warmed up the market: prices for precious metals have soared to record highs, far exceeding the fundamentals of supply and demand. On Friday, January 30, silver collapsed in less than 20 hours, and on Monday, February 2, the sale continued - gold fell by 6% and silver by 12%. The strengthening of the dollar and profit-taking only accelerated the decline, but the root of the problem is precisely the speculative activity of Chinese traders.