Gold prices dropped below $4,340 per ounce, while silver shed nearly 2.5%, as strong US economic data and rising crude oil prices influenced investor sentiment.

Why are gold and silver prices down today, and will precious metals continue to drop or rise again? Gold and silver prices declined on Friday and were headed for weekly losses.…

Gold prices plunged over 3% as robust US jobs data boosted expectations of Federal Reserve rate hikes, with rising bond yields and a stronger dollar pressuring the precious metal.