Gold drops below $4,500, silver breaks $74 support as Iran talks stall

Spot gold and silver prices fell sharply after Tuesday's close as rising Treasury yields and a firmer U.S. dollar outweighed safe-haven demand linked to the Strait of Hormuz. Persistent oil-driven inflation concerns are also keeping pressure on precious metals, but the move appears more market-driven than news-event specific.

Analysis

Spot gold and silver prices fell sharply after Tuesday's close as rising Treasury yields and a firmer U.S. dollar outweighed safe-haven demand linked to the Strait of Hormuz. Persistent oil-driven inflation concerns are also keeping pressure on precious metals, but the move appears more market-driven than news-event specific.