Gold prices dropped 1.4% on the Comex exchange, extending losses over the past three trading sessions. Silver fell harder, declining 2.5% and recording losses in three of the last four sessions.
The twin declines reflect broader weakness in precious metals. Gold has retreated in two of its last three trading days, while silver's steeper selloff signals stronger pressure on the industrial metal. Both commodities remain sensitive to interest rate expectations and dollar strength. When the Federal Reserve keeps rates higher for longer, investors shift away from non-yielding assets like gold and silver toward bonds and cash.
The losses come as traders reassess economic conditions and monetary policy paths. Stronger dollar movement typically weighs on precious metals priced globally in U.S. currency, making them more expensive for overseas buyers.
Neither metal has broken into a clear trend yet. Investors watch for the next catalyst, whether from Fed statements, inflation data, or geopolitical developments. The current pullback offers a test of support levels that could signal either a deeper correction or a buying opportunity.