The prices of gold and silver plunged Tuesday afternoon on fresh Iran war tensions and expectations of future interest rate hikes, carrying the metals to their lowest levels in months as silver has erased almost half of its value since hitting a historic peak in January.
The prices of gold and silver dipped again Tuesday. (AP Photo/Sakchai Lalit)
The price of silver is $65.78 an ounce as of 3:15 p.m. EST on Tuesday, down more than 4%, though the metal was down nearly 6% to a low of $64.46 earlier in the afternoon.
The price of gold is about $4,292 an ounce as of 3:15 p.m. EST, down nearly 2% but up from an intraday low of $4,259.90.
The metals have declined steadily throughout what has been a rough June so far, with silver losing more than 13% of its value since it opened at a price of just over $75 on June 1, and gold losing about 6% of its value since opening at about $4,575 at the beginning of the month.
