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Gold, silver tumble in biggest daily drop in years as stunning precious metals rally comes to a halt
Gold prices tumbled in their biggest daily drop in years as a stunning rally in precious metals came to a halt. Futures for the yellow metal dropped as much as 5% to hover near $4,141 per troy ounce, on pace for their largest drop since August 2020. Meanwhile, spot gold declined more than 6%, seeing its biggest one-day decline in 12 years, according to Bloomberg data. Silver futures also tumbled as much as 7% in their largest drop in more than four years. The move came amid easing trade tensions between Washington and Beijing, a rise in the US dollar, and technical indicators flashing overbought conditions. ... (full story)
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Gold plunged the most in a dozen years while silver had its biggest drop since February 2021 on Tuesday amid a broad market selloff following a weeks-long rally that sent precious metals to successive record highs. Bloomberg's Mike McGlone reports.
From miningmx.com | Oct 21, 2025
GOLD suffered its steepest decline in 12 years on Tuesday, retreating sharply after an extended rally pushed bullion to consecutive all-time highs. Gold plummeted as much as 6.3% following Monday’s record peak of $4,381.52 per ounce, Bloomberg News reported. Multiple headwinds converged to trigger the selloff, including improving relations between ...
December Gold futures saw their biggest one-day percentage move to the downside in more than a decade, dropping over $300 from the high to the low of the day. The December contract settled down 5.32%. Easing US-China trade tensions appeared to be the main culprit for the sharp selloff. Optimism was noted following President Trump's statements expressing ...
