Gold Price Drops from Three-Week High as Silver Falls 3% Amid Strengthening US Dollar

Gold and Silver Prices Decline Amid Stronger US Dollar

Comex Gold Prices: On Tuesday, gold prices declined, pressured by a stronger US dollar despite tariff uncertainty and US-Iran tensions. Comex gold prices fell from a more than three-week high, with US gold futures for April delivery down 1.1% at $5,170.70 per ounce.

Spot Prices: The spot gold price fell 1.5% to $5,150.38 per ounce, after hitting a more than three-week high earlier in the day. Spot silver price plunged 3.1% to $85.50 per ounce, after hitting a more than two-week high on Monday.

Market Factors: The US dollar rose, making greenback-priced bullion more expensive for other currency holders. Investors remain cautious amid the US-Iran peace talks and tariff uncertainty. In response to the Supreme Court striking down his emergency tariffs, US President Donald Trump warned countries against backing away from recently negotiated trade deals with the US.

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