Market Uncertainty Leads to Drop in Precious Metals

As the holiday weekend approaches, uncertainty in the market has caused a noticeable dip in precious metals. Gold, which recently hit a record high, has seen a significant drop, losing up to 1.5% of its value. Despite this, it still shows a strong monthly gain of nearly 10%.

Detailed Price Movements

At 10:35 am ET, gold was down by 1.54%, trading at $3,291.63 per ounce. Silver wasn't far behind, with a 1.78% decrease to $32.18 per ounce. Platinum and palladium also experienced declines, dropping by 0.77% and 2.21% respectively.