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Gold slid more than 4% on Thursday as investors booked profits after prices hit a record high, though the metal remained on track for its strongest monthly performance since the 1980s amid elevated economic and geopolitical uncertainty, Reuters reported. Spot gold was down 4.6% at $5,149.99 an ounce by 10:48 a.m. ET (1548 GMT), after earlier touching an all-time peak of $5,594.82. US gold futures for February delivery fell 2.8% to $5,156.20.<\/p>
\u201cWe are seeing a sharp sell-off after precious metals posted fresh all-time highs,\u201d said David Meger, director of metals trading at High Ridge Futures.<\/p>
Despite the pullback, spot gold is still up about 19% for the month and 3.6% so far this week.<\/p>
Silver dipped 3% to hover near $106 on Thursday after topping $120 per ounce as a slump in major US AI and technology stocks rattled markets, led by a sharp crash in Microsoft (Nasdaq: MSFT), according to reports.<\/p>
The world\u2019s largest software company wiped out nearly a quarter-trillion dollars in market capitalisation at the New York open, sliding 11.9% after its quarterly results pointed to a slowdown in Azure cloud computing and AI-related data services. Investors were unnerved by higher-than-expected capital expenditure and decelerating cloud revenue growth.<\/p>
The shock rippled across equities, dragging the Nasdaq Composite (^IXIC) down more than 2% amid the Microsoft-led selloff.<\/p>
Gold, which had peaked on Thursday just $5 per ounce below $5,600, saw its subsequent 8.7% drop erase an estimated $3.4 trillion from the value of all above-ground gold.<\/p>
Silver, meanwhile, had surged above $121 per troy ounce, up more than 68% in January, marking its strongest monthly gain outside December 1979, before sliding back to around $106. The retreat came as AI-linked stocks weakened further, with Oracle falling 5.4% and Nvidia down 2.7% at the open, stoking fears that the AI rally may be overextended.<\/p>
Gold is up more than 27% so far this year after surging 64% in 2025, while silver has gained over 60% year-to-date, driven by strong safe-haven demand, steady central bank buying and a weaker US dollar.
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gold, silver price, gold all time high, silver all time high#Gold #slides #investors #booked #profits #record #high #silver #Report1769728506<\/p> ","protected":false},"excerpt":{"rendered":"
Gold slid more than 4% on Thursday as investors booked profits after prices hit a record high, though the metal remained on track for its strongest monthly performance since the 1980s amid elevated economic and geopolitical uncertainty, Reuters reported. Spot gold was down 4.6% at $5,149.99 an ounce by 10:48 a.m. ET (1548 GMT), after […]<\/p>\n","protected":false},"author":1,"featured_media":2469,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[7078,2011,7075,2013,1433,7079,2012,840,3062,7076,7074,7077],"class_list":["post-2468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-content-marketing","tag-booked","tag-gold","tag-gold-all-time-high","tag-high","tag-investors","tag-profits","tag-record","tag-report","tag-silver","tag-silver-all-time-high","tag-silver-price","tag-slides"],"acf":[],"_links":{"self":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/2468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2468"}],"version-history":[{"count":0,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/2468\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/media\/2469"}],"wp:attachment":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2468"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}