Market volatility pushes gold to lowest level in weeks

Gold futures on the Comex dipped below $4,750 per troy ounce, marking the lowest level since February 5, 2026.

The decline is reflected in the latest trading data from the exchange, Caliber.Az reports.

The April gold contract initially fell 2.04% to $4,796.20 per troy ounce before the downward momentum accelerated, pushing prices to $4,794.10, a 2.09% decrease.

Silver futures for May 2026 also experienced significant losses, dropping 6.05% to $72.895 per troy ounce and falling below the $73 mark for the first time since February 17.

Analysts note that the sharp declines in both metals reflect heightened market volatility and investor caution amid ongoing global economic uncertainties.

By Vafa Guliyeva