Reported about 6 hours ago
Gold and silver saw significant declines in their prices, marking the largest daily drop in years as a remarkable rally in precious metals came to an end. Gold futures fell nearly 5% to around $4,141 per ounce, while spot gold saw its biggest one-day decline in 12 years, dropping over 6%. The downturn was attributed to easing trade tensions, a stronger US dollar, and overbought market conditions. Analysts are divided on whether this decline indicates the beginning of a necessary correction or merely a temporary dip as investors maintain bullish sentiments toward gold.
Source: YAHOO