Gold rate today slips below $4,000 for the first time since 2025, silver price also declines. Is a bigger crash coming?

Gold and silver prices continued to decline, with spot gold falling 0.9% to $3,991.49 per ounce and silver dropping 3.2% to $56.01 per ounce, marking a fourth consecutive weekly loss. Gold is down around 29% from its record high of $5,594.82 touched in January 2026, slipping below the key $4,000 mark for the first time since November 2025. The decline is driven by a strong US dollar, expectations of tighter US monetary policy, and sticky inflation above 4%, with markets pricing in three Fed rate hikes this year.