Spot silver has just broken through the $69.00/oz mark, now quoted at $68.99/oz, down 0.37% on the day; the main COMEX silver futures contract is now quoted at $69.79/oz, down 0.64% on the day.

Marvell's FY29 In Focus After Lukewarm 2Q Showing -- Market Talk

Nasdaq and S&P 500 Index turned lower; USD/JPY climbed above 160 for the first time in a month; the 2-year US Treasury yield reached 4.33%; spot gold fell back to $4,520. Among tech stocks, Nvidia dropped over 3%, Marvell Technology fell over 10%, Micron and SpaceX dropped over 1%.

Spot gold has just broken through the $4,510.00 per ounce level, currently quoted at $4,509.87 per ounce, down 1.99% on the day; main COMEX gold futures contracts are currently quoted at $4,561.50 per ounce, down 2.20% on the day.

New York gold futures prices have fallen below $4,580 per ounce, with an intraday decline of 1.80%. As the core benchmark for global precious metals trading, the price fluctuations of New York gold futures are usually closely related to the performance of the US dollar, market risk aversion sentiment, global inflation expectations, and the pace of gold reserve adjustments by central banks. This round of short-term correction has also been directly affected by recent changes in risk appetite in