Precious Metals and Cryptocurrencies Decline Sharply While Major Currencies Hold Steady

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Silver declined ▼ 4.10% to 66.50 USD, marking the sharpest move of the session and extending losses across the precious metals complex. Gold retreated ▼ 2.96% to 4456.40 USD, having traded between 4456.40 USD and 4610.30 USD during the period. Both metals ended the session near their lows.

Cryptocurrencies Under Pressure

Bitcoin declined ▼ 3.57% to 77573.00 USD, trading in a range from 77387.00 USD to 80887.00 USD. Ethereum followed a similar pattern, falling ▼ 3.24% to 2435.23 USD and moving between 2430.84 USD and 2521.88 USD. Both digital assets posted their losses in a broad downturn that mirrored weakness in traditional risk assets.

Currency Markets

The dollar held steady against the major Gulf Arab pegs. USD/QAR remained fixed at 3.6400 QAR, USD/SAR at 3.7500 SAR, and USD/AED at 3.6725 AED, all unchanged. Against developed-market currencies, the dollar weakened slightly: USD/EUR gained ▲ 0.63% to 0.8614 EUR after trading between 0.8560 EUR and 0.8614 EUR, while USD/GBP rose 0.67% to 0.7379 GBP in a range of 0.7330 GBP to 0.7379 GBP.