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Gold Price Suffers Sharpest One-Day Drop Since 2013 Amid Profit-Taking and Trade Optimism

Gold Price Suffers Sharpest One-Day Drop Since 2013 Amid Profit-Taking and Trade Optimism

Author:

Global Cryptocurrency

Published:

2025-10-22 13:06:02

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Gold's record-breaking rally came to an abrupt halt as prices plummeted 6.3% in a single day, marking the steepest decline since 2013. Spot Gold briefly touched $4,080 per ounce, while silver tumbled nearly 9%. The selloff accelerated late Monday, fueled by profit-taking, renewed US-China trade optimism, and a strengthening dollar.

TD Securities' Bart Melek described the MOVE as a "classic technical correction," noting dealers are capitalizing on gains after an unsustainable rally. Standard Chartered analysts framed the drop as a healthy rotation out of overcrowded safe-haven trades. Gold had surged 55% year-to-date, outperforming traditional assets as investors hedged against inflation and geopolitical risks.

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