Gold Posts Largest Single-Week Decline in 43 Years

DeepFlowTech · 2026-03-21T02:58:01+00:00

Gold prices have recently experienced a sharp decline, with intraday losses exceeding 5%, breaking below the $4,500 support level. This week, both gold and silver have recorded their largest weekly declines in years, with drops exceeding 10% and 15% respectively.

DeepFlowTech

2026-03-21 02:58:01

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Deep Tide TechFlow News, March 21, According to Caixin, gold’s rebound was short-lived, with an intraday V-shaped reversal, falling more than 5% from the daily high and breaking below the important support level of $4,500. This week, it plummeted over 10%, reaching a seven-week low, marking the largest weekly decline since March 1983.

As of the close on Friday (March 20), spot gold fell 3.42% to $4,491.67 per ounce, down over 10% this week; COMEX gold futures declined 2.47% to $4,492 per ounce, down over 11% this week.

Spot silver dropped 6.8% to $67.897 per ounce, down over 15% this week; COMEX silver futures fell 4.78% to $67.810 per ounce, down over 16% this week.

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