Precious metals endured a sharp selloff this week, with gold falling to roughly $4,329 per ounce and silver sliding toward its 200-day moving average, reflecting a broader risk-off move across financial markets. • The market downturn was largely attributed to a stronger-than-expected May jobs report, which reignited speculation that the Federal Reserve could maintain a tighter monetary stance for longer. • Bitcoin suffered the steepest losses among major assets, dropping nearly 20% and falling below the $60,000 level for the first time since September 2024, highlighting the shift away from risk assets. • Despite the ... (full story)