Spot Gold Falls Below $5,100 as Losses Deepen; Silver Drops Under $107
Spot gold and silver saw sharp swings amid geopolitical tensions, with gold rebounding $350 and silver posting 1.7% daily gains after steep declines.
Summary
On January 30, spot gold prices fell sharply from $5,550 to $5,155 per ounce, a decline of over $500, before rebounding to $5,450, regaining $350. Spot silver dropped from $121 to $106, then recovered to $117.5, marking a 1.7% gain over the past 24 hours. The volatility in both metals coincided with rising geopolitical tensions after President Trump’s emergency declaration.
Terms & Concepts
- Spot Gold: The current market price at which gold can be bought or sold for immediate delivery.
- Spot Silver: The current market price at which silver can be bought or sold for immediate delivery.