Gold's rebound was short-lived, resulting in its biggest weekly drop in 43 years.

On March 21, according to Cailian Press, gold experienced a brief rebound followed by a V-shaped intraday decline, dropping more than 5% from its daily high and breaching the crucial support level of $4,500. This week's plunge exceeded 10%, reaching a seven-week low and marking the largest weekly drop since March 1983. As of the close of New York trading on Friday, March 20, spot gold fell 3.42% to $4,491.67 per ounce, accumulating a drop of over 10% this week. COMEX gold futures fell 2.47% to $4,492 per ounce, with a cumulative drop of more than 11% this week. Spot silver fell 6.8% to $67.897 per ounce, a cumulative drop of over 15% this week. COMEX silver futures fell 4.78% to $67.810 per ounce, with a cumulative drop of over 16% this week.