Spot Gold Slides 3.35% to $4,702/Oz; Spot Silver Drops 6% to $79.59/Oz

Tiger Newspress

Feb 02

Gold fell, extending its biggest plunge in more than a decade, as traders digested the dramatic reversal of a rally that had lifted prices to all-time highs. Silver also plunged.

Spot gold slid 3.35% to $4,702 per ounce; Spot silver dropped 6% to $79.59 per ounce, having recorded its biggest ever intraday decline in the previous session.

The selloff in precious metals was triggered by news that US President Donald Trump would nominate Kevin Warsh to lead the Federal Reserve, which sent the dollar higher. While market watchers had warned the scorching rallies were due for a correction, the scale of the drop went beyond most investors’ expectations.

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Silver also plunged.</p><p style=\"text-align: start;\">Spot gold slid 3.35% to $4,702 per ounce; Spot silver dropped 6% to $79.59 per ounce, having recorded its biggest ever intraday decline in the previous session.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3fd7bf6e3c4a0b797e2d2008ba12c65c\" title=\"\" tg-width=\"444\" tg-height=\"174\"/></p><p>The selloff in precious metals was triggered by news that US President Donald Trump would nominate Kevin Warsh to lead the Federal Reserve, which sent the dollar higher. While market watchers had warned the scorching rallies were due for a correction, the scale of the drop went beyond most investors’ expectations.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Spot Gold Slides 3.35% to $4,702/Oz; Spot Silver Drops 6% to $79.59/Oz</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSpot Gold Slides 3.35% to $4,702/Oz; Spot Silver Drops 6% to $79.59/Oz\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2026-02-02 07:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Gold fell, extending its biggest plunge in more than a decade, as traders digested the dramatic reversal of a rally that had lifted prices to all-time highs. Silver also plunged.</p><p style=\"text-align: start;\">Spot gold slid 3.35% to $4,702 per ounce; Spot silver dropped 6% to $79.59 per ounce, having recorded its biggest ever intraday decline in the previous session.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3fd7bf6e3c4a0b797e2d2008ba12c65c\" title=\"\" tg-width=\"444\" tg-height=\"174\"/></p><p>The selloff in precious metals was triggered by news that US President Donald Trump would nominate Kevin Warsh to lead the Federal Reserve, which sent the dollar higher. 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