In today’s trading session, spot gold and silver prices faced selling pressure, with precious metals pulling back sharply across the board. Spot gold retreated by $16 to settle near $4,453 per ounce, reflecting a notable weakening in safe-haven demand.
The downward momentum proved more pronounced for silver, which slipped below the $79 per ounce level, marking a 2.81% decline for the day. This weakness extended to futures markets as well, with New York silver futures tracking the selloff and breaking below the same $79 threshold, down 2.64% on the session.
The broad-based decline across spot gold and silver prices suggests renewed risk appetite among investors, with capital rotating away from traditional safe-haven assets toward higher-yielding alternatives.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Precious Metals Retreat: Gold Slides While Silver Breaks Below Key Support Level
In today’s trading session, spot gold and silver prices faced selling pressure, with precious metals pulling back sharply across the board. Spot gold retreated by $16 to settle near $4,453 per ounce, reflecting a notable weakening in safe-haven demand.
The downward momentum proved more pronounced for silver, which slipped below the $79 per ounce level, marking a 2.81% decline for the day. This weakness extended to futures markets as well, with New York silver futures tracking the selloff and breaking below the same $79 threshold, down 2.64% on the session.
The broad-based decline across spot gold and silver prices suggests renewed risk appetite among investors, with capital rotating away from traditional safe-haven assets toward higher-yielding alternatives.