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[MARKET UPDATE] Metal prices extend on losses with spot gold down by over 3% after selling was exacerbated following a break beneath USD 4,400/oz, while spot silver leads the declines after dropping as much as 4%

The significant drop in metal prices, particularly gold falling over 3% and silver dropping by as much as 4%, suggests a shift in market sentiment, likely driven by increased selling pressure after gold price broke below the USD 4,400/oz level.

Newsquawk StaffPublished On the live feed at , 20 minutes before this page
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[MARKET UPDATE] Metal prices extend on losses with spot gold down by over 3% after selling was exacerbated following a break beneath USD 4,400/oz, while spot silver leads the declines after dropping as much as 4%

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This decline could signal a broader risk-off sentiment among investors, impacting inflation expectations and potentially flowing through to currency and equities as well.

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