Gold and Silver Prices Experience Significant Decline

According to PANews, spot gold prices have seen a notable decrease, falling below $4,030 per ounce with a daily drop exceeding 2%. New York gold futures have also declined, reaching $4,050 per ounce, marking a 2.15% decrease for the day. Spot silver has similarly experienced a downturn, currently priced at $47.66 per ounce with a daily drop of 1.8%. New York silver futures have fallen over 2.00%, now reported at $47.61 per ounce.