The metals market saw sharp moves today. Prices slipped across major commodities. But the long term numbers still tell a strong story for several metals.
Gold price falls 2.24% but remains up 78.23% year on year
Gold is trading at 5203.42 USD per troy ounce. It declined by 119.27 USD in a single day. That marks a 2.24% drop. On a weekly basis, gold is still up 1.06%. Monthly gains stand at 4.61%.
Year to date, gold has climbed 20.24%. The yearly growth is even stronger at 78.23%. This shows that despite short term corrections, gold has delivered solid returns over the past year.
Silver plunges 7.68% while platinum slides 8.91%
Silver is priced at 82.423 USD per troy ounce. It lost 6.858 USD today. That is a steep 7.68% daily fall. Weekly losses are at 5.17%. Monthly decline stands at 6.32%.
However, silver is still up 15.91% year to date. On a yearly basis, it has surged 158.79%. This makes silver one of the strongest performers in the metals segment over the past year.
Platinum is trading at 2108.60 USD per troy ounce. It dropped 206.3 USD today. That equals an 8.91% daily fall. Weekly losses are at 3.93%. Monthly decline is 3.46%.
Yet platinum remains up 1.52% year to date. It has gained 117.76% over the year. The yearly momentum remains strong despite recent pressure.
Copper dips 2.08% as lithium corrects 6.67% from recent highs
Copper is trading at 5.7716 USD per pound. It declined 2.08% in a day. Weekly losses stand at 2.99%. Monthly decline is 1.66%. Year to date growth is modest at 1.25%. On a yearly basis, copper is up 26.48%.
Lithium is priced at 161000 CNY per ton. It dropped 11500 CNY in a day. That is a 6.67% fall. Weekly gains remain at 5.92%. Monthly growth stands at 5.23%. Year to date, lithium has jumped 35.87%. Over the year, it has surged 114.81%.
Steel is trading at 3074.00 CNY per ton with a 0.49% daily gain. But it is down 6.34% year on year. HRC steel stands at 1014.99 USD per ton. It slipped 0.10% in a day but remains up 11.05% yearly.
Iron ore in USD is at 99.81 per ton, up 0.76% today. Yet it shows a 6.83% decline year to date. Iron ore in CNY is priced at 753.50, down 0.13% daily and 4.56% lower year to date.
Silicon trades at 8170.00 CNY per ton with a 1.33% daily drop. Yearly losses stand at 21.74%. Scrap steel is at 374.50 USD per ton with a slight 0.13% daily rise and a 3.03% yearly gain. Titanium remains steady at 45.50 CNY per kg with a 3.19% yearly decline.
The data shows a clear pattern. Short term volatility is high. Daily losses are visible across gold, silver, platinum and copper. But the yearly numbers remain strong for precious and battery metals. Investors are closely tracking these percentage swings as global demand and supply shifts continue to shape the metals market.