Gold, Silver, Copper Plunge Up To 13% After Record Rally; 4 Reasons Behind Fall

• Gold, silver, and copper prices saw sharp declines on December 29, with copper falling up to 13% after reaching record highs.
• Profit-booking by investors after a significant rally contributed to the downturn in commodity prices.
• Easing geopolitical tensions, specifically progress on a Russia-Ukraine peace plan discussed by Donald Trump and Volodymyr Zelenskyy, reduced safe-haven demand.
• China's upcoming restrictions on silver exports from 2026, requiring export licenses, impacted silver prices.
• CME Group's hike in initial margin for March 2026 silver derivative contracts from $20,000 to $25,000 also influenced the market.

Why It Matters: Commodity prices fell sharply due to profit-booking, easing tensions, China's export curbs, and CME margin hike.