According to Gate data, spot gold briefly dropped over $20, falling below $4,640 per ounce, with its intraday decline widening to 2%. New York gold futures fell below $4,650 per ounce, down 1.67% intraday. Spot silver dropped over $3 intraday, now at $83.06 per ounce, a decline of 3.49%. The main silver futures contract in Shanghai experienced a slight plunge, with intraday losses reaching 2%, now at 20,600 yuan per kilogram.