The gold price fell under strong resistance at the $4,500/oz level, reaching $4,401 (-0.86%). Silver is also declining. Analysts explain that the precious metals decline, despite the ongoing Middle East conflict, is due to global uncertainty affecting all asset classes. Gold has seen significant yearly growth driven by geopolitical tensions, inflation, and central bank demand. The current drop is seen as a technical correction, with most experts expecting a continued uptrend in the mid-term.