Gold tumbles 5.7%, silver 4.8% as profit-taking hits after record highs

Gold logged its steepest single-day fall of 2025, sliding 5.7% from all-time highs as traders booked profits amid reduced expectations of near-term Fed cuts. Silver fell 4.8%, while miners Newmont and Barrick lost over 3%. Analysts view the drop as a healthy technical reset after months of safe-haven inflows driven by geopolitical fears.