[MARKET UPDATE] Metals sell-off continues with spot gold down about 9% and with spot silver suffering losses of around 14%, while copper futures extend on session lows with losses of around 6%

The sharp decline in precious metals, with gold down about 9% and silver losing around 14%, signals a significant downturn in demand or a shift in market sentiment, possibly related to rising yields or a stronger USD. Copper's continued pressure with losses of about 6% further suggests that the broader commodities sector is reacting negatively, potentially affecting inflation expectations and related asset classes. This sustained sell-off could lead to reevaluations in inflation-sensitive portfolios and may provoke tactical positioning shifts among investors.