Gold and silver's record-breaking rally has come to an abrupt halt — for now Skylar Montgomery Koning explains what's behind the slump in precious metals https://www.bloomberg.com/news/articles/2026-02-01/gold-silver-extend-declines-after-dramatic-reversal-of-rally?srnd=homepage-uk Spot gold fell by about 4%, after tumbling 10% earlier, extending its biggest slump in more than a decade on Friday, while silver dipped by more than 7%. The trigger for Friday’s dramatic selloff was the news that US