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Commodities Retreat from Peaks as Precious and Base Metals See Sharp Corrections
Gold, silver, and copper prices have fallen sharply after record rallies, with profit booking, stronger dollar trends, easing risk sentiment, and shifting rate expectations driving the correction across commodity markets.
After a strong record-setting rally, prices of gold, silver, and copper have corrected sharply, declining up to 13 percent. Analysts attribute the pullback to profit booking, easing geopolitical risk premiums, a firmer US dollar, and expectations of delayed interest rate cuts. Cooling speculative positions and signs of stabilising global supply also contributed, prompting investors to reassess near-term upside in commodity markets after recent highs.