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Gold and silver prices drop as U.S. inflation stays high and geopolitical tensions rise.

Market News
10 Jun 2026
Kitco
View Source
Bearish
pluang ai news

Spot gold and silver prices fell sharply amid a U.S. inflation rate remaining above 4% in May and ongoing U.S.-Iran tensions affecting market sentiment. Gold dropped about 2.2% to near $4,165.90 an ounce, while silver declined over 1%. The persistent inflation, driven by rising energy costs, keeps pressure on Treasury yields and the Federal Reserve's rate policies, limiting gold's appeal as a safe haven. Meanwhile, U.S. equity futures declined due to tech sector weakness and geopolitical risks, with oil prices rising on supply concerns. Investors are watching key resistance and support levels for gold and silver as markets react to these economic and geopolitical factors.

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