Gold and Silver Market: The Decline Has Started Again!

Renewed Downward Movement in Gold and Silver Prices

In the last two days, after sharp declines in gold and silver prices, investors have witnessed a renewed downward trend early today. The declines experienced last Friday and Monday surprised market players. Recent developments, particularly the resolution of obstacles preventing nuclear negotiations between the US and Iran in Oman and the announcement that the discussions would take place on Friday, have shaped the market.

China's Gold Consumption and Its Impact on the Markets

Meanwhile, data indicating that China's gold consumption is expected to decline by 2025 has also played a significant role in the pullback of gold and silver prices. The sharp movements in silver prices are particularly catching the attention of market experts. The silver ounce price has dropped to $73.55, a decrease of up to 15%. Currently, silver is trading at $75.18, representing a decline of 14.1%.

Gold Prices Also Declining

Furthermore, the gold ounce price has also decreased, falling to $4789.80. It is trading at $4855.23 with a 1.7% decline compared to the previous day. As the market watches this fluctuation closely, Donald Trump's statements made on Wednesday emphasized that there is no doubt the Fed will lower benchmark interest rates. Additionally, Treasury Secretary Bessent's lack of commentary on Trump's constitutional authority to dismiss the Fed chairman or board members increases the potential for political pressure on the Fed's monetary policy to support precious metals.

Market Assessment

In light of these developments, investors are behaving cautiously in the gold and silver markets, trying to be prepared for potential fluctuations. Experts predict that many factors could come into play that will affect the price movements of these precious metals in the coming days.