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Precious Metals Decline Sharply, Gold and Silver Drop Per Ounce
TechFlow reports, on January 16, according to data from Jinshi Data, precious metals markets experienced significant downward pressure. Gold prices dropped below $4,560 per ounce, marking a 1.24% decline during the trading session. Meanwhile, silver prices fell below $87 per ounce, with a steeper intraday drop of 5.81%.
The sharp decline in both metals per ounce reflects broader market sentiment shifts, with silver showing more pronounced weakness than gold on the day.