U.S. Stock Market Movement | Spot gold falls below the $4000 mark, leading to a decline in the precious metals sector

Glonghui, June 24｜The precious metals sector declined, with AngloGold Ashanti falling nearly 5%. Vista Gold, US Gold Corporation, Jintian, Coeur Mining, Harmony Gold, Kinross Gold, and New Pacific Metals all dropped more than 4%, while Endeavour Silver fell over 3%. On the news front, gold and silver continued to retreat. Spot gold once dropped more than 3%, breaking below the key $4,000/oz mark for the first time since November 2025. It has fallen about $1,600 from this year’s record high of $5,596/oz, technically entering a deep correction phase. Spot silver plunged over 4%, falling below $60/oz. The strengthening US Dollar Index, rising expectations for US Federal Reserve rate hikes, and continued increases in US Treasury yields are all weighing on precious metals performance.