GENERAL28 Sept 2026
Why Gold, silver ETFs tumbled over 4% today | What's behind the fall and what should investors do? | Stock Market News
Gold and silver exchange-traded funds (ETFs) fell sharply on Monday, 28 September. Silver ETFs dropped up to 4% and gold ETFs over 2%, tracking a global fall in bullion prices. Rising crude oil prices fuelled inflation worries and bets on another US Federal Reserve rate hike. If you hold these funds, review your holdings calmly instead of panic-selling on one bad day.
Key Statutory Highlights
- Silver ETFs fell as much as 4% while gold ETFs dropped more than 2% on Monday, 28 September.
- Spot gold fell 2.1% to $4,198.10 an ounce and spot silver fell 3.4% to $62.08 an ounce.
- Traders are pricing in a 70.3% probability of a US Federal Reserve rate hike in October, according to CME Group's FedWatch Tool.
Actionable Advice for Taxpayers / Founders:Don't rush to sell your gold or silver ETFs. A research head quoted in the report says this looks like profit booking after a strong run, not a change in the story. Check your own goal and holding period before you make any change, and consider speaking to your advisor first.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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