Gold price decline deepens as COMEX gold and silver tumble

Gold price decline accelerated on the COMEX as the metal closed ↓ 1.4% on Tuesday, marking the second loss in three sessions. Silver slipped ↓ 2.5%, extending a three‑out‑of‑four‑session downtrend.

Implications of the Gold price decline for investors

Data from Reuters show that U.S. dollar strength and rising real yields have squeezed precious‑metal demand. The U.S. Treasury 10‑year yield breached 4.5%, a level not seen since early 2022, adding upward pressure on opportunity costs.

“The market is pricing in a more hawkish Fed outlook,” said a senior analyst at Bloomberg.

Historically, a Gold price decline of this magnitude precedes a correction period of 4‑6 weeks, according to the World Gold Council. Traders may shift to short‑duration Treasury futures or look for support at the $1,950‑$1,970 range.