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Gold, silver tumble in sharp selloff as precious metals lose momentum
Gold and silver prices slid sharply on Monday, with both metals posting their steepest daily losses in weeks as recent gains gave way to renewed selling pressure. Front-month Comex gold for May delivery dropped $110.40, or 2.38%, settling at $4,519.50 per troy ounce. The decline marked the largest one-day fall in both dollar and percentage terms since early April and ended a brief two-session advance. The move also leaves gold lower in four of the past six trading days. Monday’s settlement puts the metal at its lowest level since late March and roughly 15% below its peak for the year, which also stands as its ... (full story)
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From kitco.com | May 4, 2026
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