US gold futures for April delivery were down 3.3 per cent to $4,586.20 per ounce. Spot ‍gold fell 6.1 per cent to $4,565.79 per ounce after shedding more than 9 per cent on Friday in its sharpest one-day drop since 1983. US gold futures for April delivery were down 3.3 per cent to $4,586.20 per ounce. Spot silver ‌tumbled 12 per cent to $74.48 an ounce after plunging 27 per cent on Friday in its worst day on record. A stunning coda to a ‍record-breaking price rally, the crash is wiping out leveraged investors who, in turn, are selling other assets to cover margin calls on silver and gold.

Source: The Irish Times February 02, 2026 11:31 UTC