Market Uncertainty Hits Precious Metals Hard

As the holiday weekend approaches, the precious metals market is showing signs of volatility. Gold, after reaching a record high, has seen a significant drop, stirring concerns among investors.

Detailed Price Movements

At 10:35 am ET, gold was down by 1.54%, trading at $3,291.63 per ounce. Silver wasn't spared either, falling by 1.78% to $32.18 per ounce. Meanwhile, platinum and palladium also experienced declines, dropping by 0.77% and 2.21% respectively.

A Silver Lining?

Despite the current downturn, gold has recorded a monthly gain of 9.86%, offering a glimmer of hope to long-term investors. The market's next moves remain uncertain, but the resilience of precious metals is undeniable.