Gold price decline deepens as COMEX metals tumble

Gold price decline trends

The COMEX market witnessed a pronounced Gold price decline on Tuesday, with spot gold settling ↓ 1.4% and extending a downtrend that has persisted for two of the last three sessions. Silver was not immune, slipping ↓ 2.5%, marking three losses in four trading days. Analysts cited a firmer US dollar and easing inflation expectations as primary drivers, while Reuters noted dwindling safe‑haven demand. Bloomberg added that inventory levels remain elevated, putting further pressure on metal prices.

Dispatch from: Arthur Sterling

Macroeconomics Editor