British News Agency

Volatility persisted in the precious metals market after the historic collapse of recent weeks. The white metal continues to trade about 33% below its all-time high reached on January 29, just before a selling wave that wiped out nearly 50% of its value.

U.S. Treasury Secretary Scott Bessent attributed the excessive volatility in the metals market to Chinese investors, describing the recent rally as a speculative surge.

Investors have turned their attention to delayed U.S. employment and inflation data due this week to gain clues about the Federal Reserve’s policy path.

The Fed is expected to keep interest rates unchanged in March and to deliver two rate cuts later in the year. Other precious metals, including gold, platinum and palladium, also fell on Tuesday.