<div id="readability-page-1"><div>Gold tumbled more than 3% to below $4,920 per ounce on Thursday afternoon, extending its sharp correction as a cross-asset unwind forced investors to liquidate precious metals to meet margin calls and cover losses elsewhere.The decline came even as the US 10-year Treasury yield slid to its lowest level in over two months, suggesting that the move was not driven by higher rate expectations but by short-term liquidity demands and position unwinding after an extended rally.Silver and copper also dropped sharply, highlighting the breadth of the selling pressure across metals.Although markets expect upcoming CPI data to show moderating inflation and still price in two Federal Reserve rate cuts later this year, near-term flows were dominated by deleveraging rather than policy repricing.Despite the setback, easing yields, continued central bank purchases, and persistent geopolitical uncertainty continue to provide an underlying foundation for bullion once liquidation pressures stabilize.</div></div>

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Gold prices fell over 3% to below $4,920 per ounce due to a broad liquidation as investors sold precious metals to meet margin calls. This decline occurred despite a drop in the US 10-year Treasury yield, indicating liquidity demands rather than rate expectations. Silver and copper also saw significant drops. While markets anticipate moderating inflation and potential Federal Reserve rate cuts, current flows are influenced by deleveraging. However, easing yields and ongoing central bank purchases may support gold prices once liquidation pressures ease.

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Gold Tumbles Amid Broad Liquidation