Editor’s Note
Precious metals markets saw a sharp sell-off on February 12, with gold and silver futures leading the decline. This article examines the factors behind the drop and its implications for investors.
Precious Metals Market Plunge
On February 12, Eastern Time, the precious metals market, led by gold and silver, experienced a broad decline. By the close, COMEX gold futures fell by 3.08%, and COMEX silver futures plummeted by 10.62%.
Domestic Gold Jewelry Prices Follow Suit
On February 13, domestic brand pure gold jewelry prices followed the downward trend. Chow Sang Sang’s pure gold jewelry was priced at 1,524 yuan per gram, a decrease of 32 yuan per gram compared to the previous day’s price of 1,556 yuan per gram.