Spot gold dropped approximately 3.7%, and New York silver declined over 5.5%

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Gelonghui, March 19 — Wednesday (March 18), New York after-hours, spot gold fell 3.67% to $4,822.05 per ounce. It remained roughly stable before 18:00 Beijing time, then expanded its decline. Within 15 minutes before the U.S. stock market opened, it broke below $4,850. After the Federal Reserve announced no change and raised its core PCE inflation expectations, the decline widened again. After the U.S. stock market closed, it hit a new daily low, approaching $4,800. COMEX gold futures fell 3.72% to $4,821.90 per ounce. Spot silver dropped 4.83% to $75.46 per ounce. COMEX silver futures declined 5.53% to $75.515 per ounce. COMEX copper futures fell 4.83% to $5.4930 per pound. Spot platinum dropped 4.92%, and spot palladium fell 7.53%.

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