Gold Falls Below $4,000, Posting Largest Single-Day Drop Since June 24
Taylor Wilson
Comex gold July futures fell 2.6% Monday to $3,997/oz, breaking below the $4,000 mark for the largest single-day drop since June 24; silver tumbled in tandem, as precious metals and U.S. equities sold off together on broad risk-off sentiment.
How far did gold fall, and where does it stand now?
Comex gold July futures settled at $3,997/oz, down 2.6% — the steepest single-day dollar and percentage decline since June 24.
The close is also the second-lowest this year, sitting 24.9% below the 52-week high of $5,318.40 set on January 29.
This means → gold has shed nearly a quarter of its peak value, and losing the round $4,000 level is likely to amplify bearish sentiment.
Why did silver fall even harder?
Comex silver July futures dropped 3.4% to $57.634/oz, the lowest close since December 4.
From the 52-week high of $115.08 on January 26, silver has now fallen 49.9% — nearly cut in half.
In plain terms = silver carries more industrial exposure than gold; when economic expectations sour, silver typically falls harder, and this session was no exception.
How have precious metals performed year-to-date?
Year-to-date, gold is down 7.6% and silver is down 17.8% — silver's loss more than double gold's.
This reflects a sustained de-risking from precious metals across most of this year.
What is driving this sell-off?
Monday's precious-metals decline came alongside broad weakness in U.S. equities — not a standalone move in one asset class.
This means → the driver is not a shift in gold or silver supply-demand fundamentals, but a broad contraction in risk appetite — investors are shedding both stocks and metals simultaneously.
In plain terms = the market is in "don't want to hold anything" mode, and gold failed to act as a safe haven.
Content is for reference only, not financial advice.