ALBAWABA - Gold yet reports another sharp fall in spot trading, Reuters revealed on Monday.
According to the report, gold dropped by more than 7 percent reaching around $4,500 an ounce.
In addition, Silver also reported a loss in spot trading, dropping 12 percent to $74.18 an ounce.
Gold and silver prices fall sharply. (Shutterstock)
It is worth noting that both metals saw exceptional increases in January 2026, with gold rising by more than 20-25 percent, reaching around $5600 per ounce, last month, supported by central bank purchases.
On the other hand, oil prices also decreased 3 percent on Monday after U.S. President Donald Trump said over the weekend that Iran was "holding serious talks" with Washington, signaling a possible de-escalation with the OPEC member.
Brent crude futures fell $2, or 2.9%, to $67.28 a barrel.
