Gold and silver prices have continued to fall after a dramatic reversal of a rally that had pushed precious metals to record highs.
In Asia trade on Monday, spot gold prices fell more than 7% to $4,506 (£3,297) an ounce, while silver slumped by 10% to around $76 an ounce.
Prices hit fresh record highs in January after central banks added more bullion to their reserves and investors put money into safe haven assets due to financial and geopolitical uncertainties.
Markets were also worried about the independence of the US Federal Reserve but precious metals plummeted on Friday after President Donald Trump named finance industry figure Kevin Warsh as his choice to be its next boss.
Precious metals had a blockbuster year in 2025, with gold seeing its biggest annual gain since 1979.
