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Gold, Silver Prices Plunge as Investors Return From Holiday Weekend
Gold and silver futures tanked as US investors returned from the Presidents’ Day holiday long weekend. Precious metals have struggled to maintain momentum after a slight recovery from last month’s sharp selloff. April gold futures plummeted $108.40, or 2.15%, to $4,936.90 per ounce at 12:34 GMT on Tuesday on the COMEX division of the New York Mercantile Exchange. Gold prices are still positive for the year, rising 14%. Silver, the sister commodity to gold, tanked $3.799, or 4.87%, to $74.05 per ounce. The white metal has declined 18% over the past month, but remains up about 4% year-to-date. One of the key ... (full story)
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April Gold futures declined significantly, marking the lowest intraday level since early February. The sell-off coincided with the Chinese Lunar New Year, a period historically associated with reduced physical demand and lower liquidity from Asian markets following pre-holiday buying. Additionally, a stabilizing U.S. Dollar exerted pressure on the precious ...
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From investinglive.com | Feb 17, 2026
Gold found some support from the benign US CPI report on Friday where headline inflation eased slightly, while the core measure remained unchanged. We saw a small dovish repricing although the data didn’t change anything in the bigger picture. Yesterday, gold dropped again and eventually erased all the post-CPI gains. There was no catalyst for the move, ...
