🔥 Urgent – Gold and Silver Experience Biggest Daily Drop in Over a Decade! 💥
The precious metals markets saw a strong correction on Tuesday:
🏆 Gold fell by about 6% — the largest daily loss since 2013
💎 Silver plummeted nearly 9% — the deepest drop since February 2021
📉 Reasons for the Sudden Drop:
Profit-taking after a strong upward trend.
The strength of the US dollar made gold more expensive for global buyers.
Improved risk appetite with positive indicators in trade relations between 🇺🇸 and 🇨🇳, and hopes for a resolution to the US government shutdown crisis.
⚖️ Despite the decline, prices are still up over 50% since the beginning of the year, which means the drop may be a temporary correction within the upward trend.
📊 Analysts: “This could be a consolidation opportunity before the next wave... or the beginning of a longer pause for gold and silver.”
