Gold prices fell by about 2.7%, approaching $3200 at one point, and the Philadelphia Gold and Silver Index closed down over 6.9%.

On Monday, New York's closing session saw spot gold fall by 2.69%, to $3235.37 per ounce, remaining in a downward trend throughout the day. After 3:00 PM Beijing Time, it fluctuated at a low level, hitting a daily low of $3207.86 at 18:56, once again testing the $3200 level since May 1. COMEX gold futures fell by 2.76%, to $3240.10 per ounce, and continued to fluctuate around $3280 after an initial "gap down" in the Asia-Pacific session. After a second round of selling pressure around 3:00 PM, the price hit a daily low of $3211.20 at 18:56. The Philadelphia Gold and Silver Index fell by 6.94%, to 179.15 points. PPTA gold and silver mining stocks fell by 22.66%, with Pan American Silver falling by 16.13%, Harmony Gold, Kinross, and AngloGold Ashanti by over 10%. The Gold Miners Factor Index ETF fell by 8.38%, and the Gold Miners ETF fell by 7.44%. Spot silver fell by 0.43%, to $32.5880 per ounce, while COMEX silver futures fell by 0.42%, to $32.775 per ounce. COMEX copper futures fell by 0.47%, to $4.6320 per pound.