In what is shaping up to be a bad month for precious metals, gold and silver prices have slumped further as concerns increase that the escalating war in the Middle East could lead to a spike in inflation and cause a recession in the global economy.

Players in the precious metals industry like New Pacific Metals Corp. (NYSE American: NEWP) (TSX: NUAG) will be watching how geopolitical events evolve over the coming weeks and recalibrating their…

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