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Gold and silver prices fall amid US-Iran ceasefire and stronger US inflation data, signaling more downside potential.

Market News
08 Jun 2026
FXEmpire
View Source
Bearish
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Gold and silver prices have dropped sharply as the US-Iran ceasefire holds and US inflation data comes in stronger than expected, delaying hopes for Federal Reserve rate cuts. Gold fell below key support levels to $4,294, showing a bearish trend with further declines expected toward $4,200. Silver also tumbled to $66.53, breaking below its moving average and indicating continued selling pressure. Both metals face pressure from stable geopolitical conditions and stronger real interest rates, with traders closely watching upcoming Fed decisions and economic data for further direction.

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