Today gold and silver global market crash and wipes out about 1.1 trillion dollar from the market in just 12 hours. This happen due to the ai speculations.
Anxiety In Investors
Investors are very depressed about this crash and they are worried about the future of ai as it is growing very fastly. They are anxious that the ai will impact jobs, corporate earning and economic stability.
Rise of Ai ” DoomsDay” narrative
This extreme sell-off come when many peoples believe on ai doomsday idea. The view is that the ai is just now a tool but it’s a major threat to global economy.
New ai products make market volatile
As the new ai tools launch the market of precious metals become more volatile. Fastest growing in ai industry effects financial markets badly.
Link between precious metals and ai
Experts are unsure that the development on ai industry effect gold and silver prices. Whatever, financial institution are now starting research tk find out the connection between ai and precious metals.
