Sharp Drop in Gold and Silver Prices Following Widespread Sell-Off

Gold and silver prices fell sharply on Thursday amid a broad market sell-off and increasing pressure on precious metals, following the dollar’s rise to its highest level in nearly two weeks and signs of easing trade tensions between the United States and China.اضافة اعلان

Spot gold dropped 2.5% to $4,838.81 per ounce by 05:35 GMT, retreating from a near one-week high reached earlier in the session.

U.S. gold futures for April delivery fell 1.9% to $4,855.60 per ounce.

Spot silver plunged 14.9% to $74.94 per ounce. Last week, the precious metal hit a record high of $121.64 per ounce.

Reuters