{"id":71,"date":"2026-02-02T11:08:16","date_gmt":"2026-02-02T11:08:16","guid":{"rendered":"https:\/\/hungry4it.com\/mmm\/?p=71"},"modified":"2026-02-02T11:13:09","modified_gmt":"2026-02-02T11:13:09","slug":"gold-dives-5-and-silver-crashes-7-extending-sell-off-in-precious-metals-after-historic-plunge","status":"publish","type":"post","link":"https:\/\/hungry4it.com\/mmm\/2026\/02\/02\/gold-dives-5-and-silver-crashes-7-extending-sell-off-in-precious-metals-after-historic-plunge\/","title":{"rendered":"Gold dives 5% and silver crashes 7%, extending sell-off in precious metals after historic plunge"},"content":{"rendered":"<div class=\"RenderKeyPoints-list\">\n<div>\n<div class=\"group\">\n<p>2\/2\/2026<\/p>\n<ul>\n<li>Gold and silver continued to sell off on Monday, deepening losses from last Friday\u2019s rout.<\/li>\n<li>Spot gold crashed nearly 10% on Friday, while silver nosedived 30%.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>The CME Group increased margin requirements following the steep sell-off last week, effective Monday after market close. Margins on COMEX gold futures have been raised to 8% from 6%, while those on the COMEX 5,000-ounce silver futures were lifted to 15% from 11%.<\/p>\n<p>&nbsp;<\/p>\n<p>According to Google AI<\/p>\n<div data-subtree=\"aimfl\" data-complete=\"true\" data-processed=\"true\">The sharp decline in gold and silver prices on<\/div>\n<p><strong class=\"Yjhzub\" data-complete=\"true\" data-processed=\"true\">February 2, 2026<\/strong>, is primarily driven by the nomination of <strong class=\"Yjhzub\" data-complete=\"true\" data-processed=\"true\">Kevin Warsh<\/strong> as the next Federal Reserve Chair, which has strengthened the U.S. dollar and shifted interest rate expectations. This \u201cWarsh rout\u201d triggered a historic sell-off, with gold falling nearly <strong class=\"Yjhzub\" data-complete=\"true\" data-processed=\"true\">9%<\/strong> and silver plunging over <strong class=\"Yjhzub\" data-complete=\"true\" data-processed=\"true\">31%<\/strong> in a single session last Friday, moves that extended into Monday\u2019s trading.<\/p>\n<p>&nbsp;<\/p>\n<p>You might also be interested in:<\/p>\n<a href=\"https:\/\/hungry4it.com\/mmm\/recommends\/chucks-erotic-stories-monsters-and-other-scary-lovers\/\" data-eafl-id=\"23\" data-eafl-parsed=\"1\" class=\"eafl-link eafl-link-text eafl-link-cloaked\" target=\"_blank\" rel=\"nofollow\">Chuck's Erotic Stories: Monsters And Other Scary Lovers<\/a>\n","protected":false},"excerpt":{"rendered":"<p>2\/2\/2026 Gold and silver continued to sell off on Monday, deepening losses from last Friday\u2019s rout. Spot gold crashed nearly 10% on Friday, while silver nosedived 30%. &nbsp; The CME [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":73,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-71","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/hungry4it.com\/mmm\/wp-json\/wp\/v2\/posts\/71","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hungry4it.com\/mmm\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hungry4it.com\/mmm\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hungry4it.com\/mmm\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hungry4it.com\/mmm\/wp-json\/wp\/v2\/comments?post=71"}],"version-history":[{"count":1,"href":"https:\/\/hungry4it.com\/mmm\/wp-json\/wp\/v2\/posts\/71\/revisions"}],"predecessor-version":[{"id":72,"href":"https:\/\/hungry4it.com\/mmm\/wp-json\/wp\/v2\/posts\/71\/revisions\/72"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hungry4it.com\/mmm\/wp-json\/wp\/v2\/media\/73"}],"wp:attachment":[{"href":"https:\/\/hungry4it.com\/mmm\/wp-json\/wp\/v2\/media?parent=71"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hungry4it.com\/mmm\/wp-json\/wp\/v2\/categories?post=71"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hungry4it.com\/mmm\/wp-json\/wp\/v2\/tags?post=71"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}