Gold sank 2.01% to 4,174 and silver 2.46% to 63.71 on Tuesday, erasing the prior day's bounce as a firm dollar and high rates dragged both metals to fresh lows.
Key Facts
Gold sank 2.01% to 4,174 on Tuesday June 9 — its lowest since late March, closing right at the low.
Silver fell 2.46% to 63.71, breaking below the long-term line that was its last cushion.
Yesterday’s steadying did not last, as gold was rejected at the line it had tried to reclaim.
A firm dollar and high rates kept pressing on metals that pay no income.
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