Gold settles lower; silver falls nearly 3%
Gold and silver bars
Gold and silver prices closed lower on Tuesday amid continued pressure from a stronger US dollar and a global bond selloff, while concerns over the inflationary impact of the Middle East conflict persisted.
Long-term US Treasury yields touched their highest levels since 2007 during today’s trading, alongside a broad selloff in sovereign debt markets worldwide.
Investor sentiment remained cautious amid uncertainty surrounding the outlook for the Middle East conflict. After the US canceled a planned military operation against Iran today, US President Donald Trump indicated that Washington may be forced to strike Tehran again.
|
Gold and Silver Futures Prices |
|||
|
Metal |
Price ($/oz) |
Change (%) |
Metal |
|
Gold (June futures) |
4511.20 |
(46.80) |
(1%) |
|
Silver (May futures) |
74.828 |
(2.245) |
(2.91%) |
Commodity Price
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