Spot Gold and Silver Plunge Sharply

BlockBeats News, August 28th, according to Bitget market data, following Fed Chair Powell's speech, the short-term price of gold and silver plummeted. Gold retreated about $100 from its high point, then experienced a slight rebound, hitting a low of $4530 per ounce and is now trading at $4560 per ounce; silver fell more than $1 within the day, hitting a low of $68.1 per ounce and is currently trading at $69.0 per ounce.