On January 30th, the precious metals market experienced a significant downturn, with gold prices plummeting by over 12% at their lowest point, reaching $4,682 per ounce. This marked the largest single-day decline for spot gold in over four decades, with prices closing at $4,880 per ounce, down 9.25%. Silver also saw a historic intraday drop, falling by more than 36% to a low of $74.28 per ounce. By the market close, spot silver had decreased by 26.42% to $85.259 per ounce.

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