PREVIEW

Gold And Silver Prices Sink After Sharp Market Reversal. Gold and silver prices extended their decline after a sudden reversal brought an end to a rally that had pushed precious metals to record highs. In early Asian trading on Monday, spot gold fell by more than 9%, sliding to around 4,403 dollars an ounce, while silver dropped 15% to below 72 dollars. The losses followed a brutal sell-off on Friday, when gold recorded its steepest one-day fall since 1983 and silver plunged by more than 25%. The downturn accelerated after Donald Trump nominated Kevin Warsh as the new chair of the US Federal Reserve, a move that was broadly welcomed by financial markets. The US dollar strengthened, weighing on demand for dollar-denominated commodities. Analysts at Deutsche Bank said Warsh’s nomination appeared to be the key catalyst behind the sell-off. Asian equity markets fell sharply, European mining stocks retreated, and oil prices dropped by more than 5%. After a blockbuster year in 2025, when gold posted its strongest annual gains since 1979, investors rapidly reassessed risk across global markets.
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