Adding to two sessions of losses, gold prices have slumped on Tuesday as crude oil prices continued to skyrocket following fresh weekend attacks between the U.S. and Iran, which increased rate hike bets in the U.S. to contain the consequent inflation.
Front Month Comex Gold for October month delivery has tumbled by $87.00 (or 1.96%) to $4,359.80 per troy ounce.
Front Month Comex Silver for October month delivery has plummeted by $1.576 (or 2.37%) to $64.880 per troy ounce.
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Market Analysis
Gold Tumbles As Fed Rate Hike Bets Rise As Crude Oil Price Surge
2026-09-01 17:50:21
