Gold tumbles in biggest daily drop in years as stunning rally comes to a halt

Gold prices tumbled 5% on Tuesday to mark their biggest daily drop in more than a decade as a stunning rally in precious metals came to a halt. Futures for the yellow metal (GC=F) hovered near $4,141 per troy ounce, while spot gold declined to as low as $4,082, in its biggest one day drop in 12 years, according to Bloomberg data. Meanwhile silver futures (SI=F) also declined as much as 7%, their biggest decline since 2021. The move came amid easing trade tensions between Washington and Beijing, a rise i ...