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19%  
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  • The price of gold and silver has fallen sharply. Where did this plunge come from?

    02/01/2026 2:14:49 PM PST · by nickcarraway · 129 replies
    Euronews ^ | February 2nd, 2026 | Weronika Wakulska
    The price of gold fell from a record $5600 to $4770 per ounce. On Friday, the price of silver fell by 31%. This is the biggest percentage drop in the price of this bullion since March 1980. What could be the reasons for such declines?Gold hit a new record high on Thursday at $5600 per ounce. Silver was trading at $120 per ounce. Suddenly, precious metal prices began to fall. By Friday evening, gold was already costing $470 per ounce. Gold fever reached a new high at the beginning of 2026, with prices hitting a record earlier this week....