Gold, Silver, Copper Plunge on Dec 29: Geopolitical Easing, China Curbs, Margin Hike Blamed

• Gold, Silver, and Copper prices saw a significant fall on December 29 after reaching record highs, attributed to multiple factors.
• Reduced geopolitical tensions, following talks between US President Donald Trump and Ukrainian President Zelensky, lessened gold's safe-haven appeal.
• Profit-booking by investors after a strong rally also pressured metal prices, as anticipated by experts like Pranav Mer of JM Financial Services.
• China's announcement to halt physical supply from 2026 and require export licenses until 2027 raised concerns about global metal availability.
• CME Group increased the initial margin for March 2026 silver derivative contracts to $25,000, forcing liquidation for some investors and impacting silver prices.

Why It Matters: Metal prices crashed due to geopolitical calm, profit-booking, China's supply curbs, and CME margin hike.