#PreciousMetalsPullBack

Precious Metals Update: Gold, Silver, Platinum & Palladium Pullback After Epic Rally
🚨 Breaking: Precious metals plunge in sharp reversal! Gold eyes steepest daily drop since 1983, silver its worst ever
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1. Current Global Spot Prices (USD per Ounce)
After the recent sell-off:
Gold: ~$4,745–$5,059 ↓ 9–11% from record highs.
Silver: ~$82–$103 ↓ 25–28% from peaks.
Platinum: ~$2,125–$2,300 ↓ 18–19% from highs.
Palladium: ~$1,680–$1,800 ↓ 15–16% from peaks.
These reflect the massive correction after overbought rallies.
2. How Much They Fell
Gold: Peaked above ~$5,500 last week. Now down 9–11%.
Silver: Surged to $120+ on speculation. Crashed 25–28%.
Platinum: Rallied strong; corrected 18–19%.
Palladium: Gained big; dropped 15–16%.
All saw double-digit pullbacks in days – classic market reset.
3. Why the Pullback?
Profit-Taking: Traders cashed in after huge gains, sparking selling.
Stronger USD: Fed chair news boosted dollar confidence, hurting metal demand.
Sentiment Shift: Less inflation fears & positive econ signals cooled safe-haven buying.
Result: Overheated rally cools amid macro changes.
Gold: Record highs → ~10% drop.
Silver: Speculative boom → 25–28% plunge.
Platinum: Industrial rally → 18–19% correction.
Palladium: Spec interest → 15–16% off.
Sharp moves, but normal after parabolic rises.