On Jan. 30, 2026, precious metals experienced a sharp selloff as strength in the US dollar triggered heavy liquidation across the sector. Gold, which had risen sharply in recent sessions, fell as much as 8% and slipped below $5,000 per ounce. Silver plunged more than 17%, dropping under $100, and copper also recorded a notable correction. The move represented one of the largest declines in these metals in recent years. Market participants cited the appreciating dollar as the immediate catalyst, a force that typically puts pressure on non‑yielding metals by reducing their dollar‑denominated appeal. #gold #silver #copper #USD #commodities #FiatNews