Gold Prices Plunge as Market Rally Cools
In a turbulent turn of events, gold and silver prices have experienced unprecedented declines following a record-breaking rally. Gold has suffered its largest sell-off in over a decade, with prices tumbling nearly 5% in one day, marking the worst day for the precious metal in 12 years. This steep drop comes as traders cash out after the recent surge, driven by easing U.S.-China trade tensions and a strengthening dollar. The decline has unsettled investors, prompting a massive rotation out of gold into other assets. As precious metals enter a correction phase, market analysts question what the future holds for gold, which remains under pressure as it pulls back from recent highs.
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