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Gold and Silver Prices Experience Sharp Decline as Rally Falters

Gold and Silver Prices Experience Sharp Decline as Rally Falters

Author:

Global Cryptocurrency

Published:

2025-10-22 07:16:02

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Gold prices plummeted more than 5% on Tuesday, marking the steepest single-day drop since 2013. The spot price briefly fell to $4,100 per troy ounce, while silver tumbled over 8%, its worst performance since 2021. Analysts attribute the sell-off to easing US-China trade tensions, a strengthening dollar, and overheated futures markets after record highs.

Technical resistance proved formidable as Gold repeatedly failed to breach the $4,400 ceiling. "The market has surrendered significant gains," noted Trade Nation's David Morrison, with traders now watching for buyer interest at lower levels. The dollar index's 0.4% rise further pressured precious metals by increasing costs for international buyers.

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