Gold falls 1.11% to $3,987.88/oz in New York; silver gains 0.3%

The split between gold and silver is the notable detail here: gold reversed hard from its intraday high to close near the session low, while silver held a modest gain despite giving back most of its own peak. That divergence suggests the selling was concentrated in gold rather than a broad precious-metals move, with copper's rise pointing to industrial demand holding up separately. Whether gold's intraday reversal reflects positioning unwinding or a shift in the macro backdrop is the open question worth watching.