Market Uncertainty Leads to Drop in Precious Metals

As the holiday weekend approaches, precious metals have seen a significant decline in their prices. Gold, after reaching a recent record high, has experienced a notable drop.

Detailed Price Movements

Gold was down by 1.54% at 10:35 am ET, trading at $3,291.63 per ounce. Despite this drop, gold has recorded a monthly gain of 9.86%.

Silver followed suit, falling by 1.78% to $32.18 per ounce. Meanwhile, platinum decreased by 0.77% to $963.29 per ounce, and palladium saw a more substantial decline of 2.21%, selling for $938.71 per ounce.

Market Outlook

The current market trends reflect the uncertainty among investors as they navigate through the holiday period. The fluctuations in precious metal prices are closely watched as indicators of broader market sentiments.