Precious metals have fallen sharply from their 2025 highs as markets price in Fed rate hikes.

Gold eased 1.7% to 4,120 and silver fell 3.7% to 62.61 on June 22 as a firmer dollar and US rate-hike bets outweighed a fading Iran premium.

Gold and silver fell Tuesday as rate-hike fears pressured precious metals and Wall Street banks reassessed their gold forecasts.