Gold and Silver Slide as Losing Streak Grows

Gold and silver weakened again, extending recent losses as dollar strength and geopolitical uncertainty weighed on demand for the safe-haven metals. Front‑month Comex gold fell about 1% to roughly $4,675 an ounce, marking the eighth down day in the past 12 sessions and the lowest settlement since April 7. Silver slid about 1.8% to $75.00. Traders cited the Iran war and a firmer dollar as drivers of the pullback ahead of a key Federal Reserve decision, leaving gold roughly 12.1% below its 52‑week high reached on Jan. 29, 2026. The move underscores growing near‑term bearish pressure on precious metals amid currency and geopolitical headwinds.