Gold and Silver Slide Amid AI Selloff and Hormuz Risks Lifting Rate Concerns

Gold and silver prices fell sharply Tuesday, with spot gold at $4,338.10 per ounce down 1.76% and silver at $63.37 down 3.49%. The drop was driven by higher bond yields and an AI-linked equity selloff that outweighed support from a softer dollar and Strait of Hormuz tensions.