Gold silver price today erase gains amid AI speculation and $1.1 trillion market cap loss – what’s driving gold and silver lower today and will this momentum continue?

Gold silver price today dropped after a massive $1.1 trillion AI stock market crash shook global investors. Gold price today fell to $5,174 per ounce, down 1.17%. Silver price today hovered near $87 per ounce amid sharp volatility. A stronger US dollar and hawkish Federal Reserve signals pressured precious metals. Profit booking accelerated after recent rallies. The Nasdaq AI index plunged 28% in one week. Investors rotated to cash. Now traders watch Fed rate cuts, inflation data, and dollar movement.