Key Facts
Gold dropped 1.54% to US$4,043 an ounce, snapping a three-session winning streak as the trade-weighted dollar firmed against major peers.
Silver tumbled 2.18% to US$57.79 an ounce, underperforming gold as industrial-demand fears compounded pressure from the rising greenback.
The iShares Silver Trust, the main silver-tracking fund, mirrored the rout, while the SPDR Gold Shares ETF fell in lockstep with bullion’s decline.
Fresnillo plc shares in London slid in sympathy, the Mexican giant guiding for flat to slightly lower attributable silver output this year.
