Reported about 5 hours ago
Gold and silver experienced their largest drop in years as investors took profits due to concerns over overvaluation following a recent historic rally. Spot gold prices plummeted by 6.3%, the steepest fall since 2013, while silver fell by 8.7%, influenced by a stronger dollar and reduced market liquidity from India's Diwali festival. Analysts noted that technical indicators suggested previous price gains were unsustainable, prompting a pullback as traders reassessed their positions amid market volatility.
Source: YAHOO