What Happened to Gold and Silver's Scorching Rally?
Bloomberg Television·2025-10-22 16:55
We've seen gold's biggest one-day drop in more than 12 years. Silver, too, suffered its steepest sell-off in years. It's a sudden turnaround from their dizzying rallies.What happened. Gold tumbled as much as 6.3% on Tuesday, leaving bullion around the $4,000 mark. Silver slid 8.7%.The slumps came after technical indicators showed the scorching rallies for both metals were likely overstretched. Now, this marks an abrupt halt to rapid advances that have been underway since mid August, driven by bets that the ...