GOLD AND SILVER DROP IN SHARP SELL-OFF Gold fell 2.2% to 4,264.50 an ounce and silver slid 4.7% to 48.96 in a sudden decline with no clear trigger, says XTB’s Kathleen Brooks. She cites stretched valuations and expectations of softer U.S. CPI data as possible factors, noting the pullback shows investors remain cautious. Despite the drop, Brooks says the metals’ long-term fundamentals are still intact.(*Walter Bloomberg)