According to PANews, spot gold experienced a sharp decline, dropping over $20 in a short period and falling below $3,800 per ounce. This marks a decrease of more than $70 from the day's high, with an intraday drop of 0.89%. Meanwhile, spot silver fell below $46 per ounce, recording a daily decrease of 1.95%. Currently, spot silver is trading at $45.98 per ounce, reflecting a 2% decline within the day.