Overview
- Spot prices fell as much as 6.3% to about $4,082 while futures dropped roughly 5%, and silver tumbled up to 8.7% toward $48.
- The pullback followed repeated failures to break above roughly $4,400 and momentum gauges showing stretched, overbought conditions.
- Dollar strength and signs of easing US–China trade tensions cooled haven demand as President Donald Trump and Xi Jinping prepare to meet next week.
- Despite the setback, gold remains up about 60%–70% this year after heavy inflows into gold-backed ETFs and sustained central-bank buying drove successive records.
- Volatility has surged, brokers have tightened margins, and traders now look to Friday’s US CPI and next week’s Fed decision for near-term direction.