Gold falls 1.13% to $4,201.15/oz in New York late trade; silver drops 3.4%

The sharper drop in silver relative to gold points to a risk-off move hitting the higher-beta precious metal harder, while copper's decline suggests the weakness spans industrial as well as safe-haven metals rather than being gold-specific. That breadth is what makes this more than routine volatility. The open question is whether this synchronized pullback continues across the metals complex or proves to be a single-session adjustment.