Gold and silver plunge! What's the reason?

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2026-03-19 01:24:54

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Source: CCTV Finance

Data released by the U.S. Bureau of Labor Statistics on the 18th shows that in February, the Producer Price Index (PPI) increased significantly both month-on-month and year-on-year, indicating that U.S. inflationary pressures are heating up again.

Traders further lowered expectations for the Federal Reserve to cut interest rates within the year. The U.S. dollar index rose slightly, putting pressure on the prices of precious metals like gold and silver. During the European trading session on the 18th, gold futures and spot prices briefly fell below $4,900 per ounce.

As of 21:10 Beijing time on the 18th, the London spot gold price was $4,861.76 per ounce, down 2.85%; spot silver was $76.615 per ounce, down 3.37%; at the same time, the April gold futures price on the New York Mercantile Exchange was $4,869.30 per ounce, down 2.77%. The May silver futures price was $76.75 per ounce, down 3.97%.

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Editor: Zhao Siyuan

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