Gold prices fell 1.4% in recent Comex trading, extending losses to two of the last three sessions. Silver dropped 2.5%, sliding in three of the past four sessions.
The declines signal weakening demand for precious metals. Investors typically buy gold and silver as hedges against inflation and economic uncertainty. Recent selling pressure suggests traders are reassessing those bets, possibly because of shifting expectations around interest rates or inflation trends.
Gold and silver prices move in opposite directions to the U.S. dollar and bond yields. When yields rise or the dollar strengthens, metals become more expensive for foreign buyers and less attractive as non-yielding assets. The recent selloff points to strength in one or both of those factors.
Watch for the next economic data releases, especially inflation reports and Federal Reserve communications. Those announcements often trigger sharp moves in precious metals markets, as traders recalibrate their inflation outlook.