Gold‘s stellar run in 2025 has hit a speed bump, with spot prices plunging more than 5% in a single day. It was the largest daily drop since 2013. At these prices, $230 was the biggest one-day drop in dollar terms.
This sudden collapse, however, follows an extraordinary year. Even after the selloff, gold remains up more than 50% year to date — easily outpacing equities, bonds, and even Bitcoin. Yet, the violent reversal reminded markets that precious metals are as volatile as they are lucrative. Gold's precious metal cousin, silver, dropped 7.5% on the same day.
