On the 24th, $XAU/USD (XAUUSD.CFD)$ fell below USD 4,000, marking its first drop below that level since last November;$XAG/USD (XAGUSD.FX)$ dropped below USD 60, hitting a new low for the year. Federal Reserve Chair Waller struck a hawkish tone in his debut appearance, prompting major Wall Street investment banks to collectively lower their gold price forecasts. Deutsche Bank analysts noted that gold is shedding some of its premium tied to geopolitical risks and energy-driven inflation, reverting back to its core pricing framework anchored by real interest rates. Under the Fed's hawkish stance, the opportunity cost of holding gold has risen significantly. Goldman Sachs lowered its year-end gold target price to USD 4,900, while Deutsche Bank estimates that, under an extreme scenario, gold prices could even fall as low as USD 3,800. When will gold and silver bottom out? How would you position yourself?