Spot gold continues its drop below the 100-day moving average following the Federal Reserve decision day, with silver also subsequently falling below the 100-day moving average.

Spot gold has already fallen below the 50-day moving average (this technical indicator is currently near $4,978) on March 18 (the day the Federal Reserve announced its interest rate decision), and once dropped below the 100-day moving average (currently near $4,596), with the 200-day moving average at around $4,081. COMEX gold futures fell 4.86%, quoted at $4,657.80/oz. Spot silver fell 3.33%, quoted at $72.85/oz, and at 21:03 (UTC+8) once dropped to $65.5242. On the basis of breaking below the 50-day moving average (currently at $86.7550) on March 11, it broke below the 100-day moving average (currently at $73.4446) on March 19. COMEX silver futures fell 6.29%, quoted at $72.840/oz, and at 21:03 (UTC+8) once dropped to $65.550. COMEX copper futures rose 0.46%, quoted at $5.5240/lb. Spot platinum fell 2.54%.