Khaberni - Gold prices are heading to record the worst daily performance since 1983, having fallen by about 12% in the latest transactions, according to "Reuters".
Gold prices dropped to $4773 per ounce in the evening trading.
In the same context, silver continued its strong losses in spot transactions, plummeting by more than 30% to record $80.49 per ounce.
This sharp decline in the precious metals markets comes amid unprecedented volatility, with strong pressures experienced by global markets and drastic changes in investor trends.
About market fluctuations, Katie Stoves, investment manager at British wealth management firm Matioli Woods, told CNBC on Friday morning that these movements might be a "comprehensive reassessment of market concentration risks".
She added: "As technology company stocks - especially those linked to artificial intelligence - have dominated market interest and capital flows, gold has also experienced heavy accumulation. When everyone leans the same direction, even good assets might decline with position liquidations. This similarity is not coincidental: both represent areas where capital has intensely flowed based on strong narratives, and ultimately, concentrated positions will face severe consequences".
Both gold and silver achieved record highs in 2025, jumping by 65% and 150% respectively during the year. These gains largely continued into 2026, with silver rising by 37% while gold increased by 15.4% since the beginning of the year.
Dmitri Vishnevski, analyst at Tsifra brokerage, told TASS agency that the current sharp correction in gold prices is a natural result of investors taking profits in a bustling market, where prices had risen by 27% within a month. Vishnevski added: "The immediate catalyst was the anticipated appointment of a new chair for the Federal Reserve, who may be less inclined to cut interest rates, supporting the dollar and leading to speculative capital exiting the metals market."
Alexander Bakhtin, investment strategist at Garda Capital, told TASS agency that silver experienced a correction similar to gold. Silver prices fell by 22%, double the recent decline in gold prices. The platinum followed a similar trend. This correction extended to a broad range of metals, where the prices of aluminum, copper, and nickel fell after the recent rise.
