A fierce sell-off hits precious metals… Gold crashes and silver breaks critical levels!



Gold experiences a sharp decline of over $100 per ounce, falling below the $4,337 level amid strong selling pressure following the latest US data.

📉 Meanwhile, silver continued its losses, breaking the $70 barrier for the first time since April, reflecting the strong negative momentum on precious metals in general.

🔘 Gold ← Sharp decline and breaking important support levels
🔘 Silver ← Strong retreat and breaking a sensitive psychological barrier
🔘 US Dollar ← Benefiting from strong data
🔘 US Yields ← Pressuring metals

⚠️ Summary:

The markets are repricing precious metals after the US data, with a clear movement of liquidity toward the dollar and yields, increasing the pressure on gold and silver
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