Gold Drops 3.5%, Silver Nearly 9% as USD/JPY Strengthens on Feb. 2

Spot gold fell 3.5% and silver dropped nearly 9% in early Monday trade on Feb. 2, BlockBeats reports. WTI crude declined 4% as USD/JPY strengthened, while US stock index futures were down 1% and Asian equity index futures broadly declined following a volatile week on Wall Street.