Overview
- Gold traded near €3,947 per ounce with a small daily gain, according to price feed Gold.de.
- Prices sit well below the early‑March record close of about €4,553 per ounce, while silver has fallen even more steeply from its recent peak.
- Rising interest-rate expectations from major central banks made interest-bearing assets more attractive, which pressured non‑yielding metals and spurred institutional selling.
- Business Insider reported heavy outflows from exchange‑traded gold funds in March of more than 85 tonnes and highlighted Turkish central‑bank sales and swaps of roughly 58–60 tonnes over two weeks.
- Commentary in German outlets frames the slide as a short‑term correction within a multi‑year upswing, noting large gains over the past one to two years despite the recent drop.