Gold and Silver Prices Decline as US Dollar Strengthens and Tensions Ease

Precious metals prices faced significant downward pressure as the US dollar gained strength and geopolitical tensions began to subside. Gold prices on the COMEX exchange slipped below the $5,000 per ounce threshold, marking a notable shift in market sentiment. Silver experienced a sharper decline, plunging more than 4% as investors grew cautious amid a firming greenback. The energy sector also saw losses, with Brent crude falling 1.5% to $67.64 and WTI slipping 0.3% to $62.59 per barrel. Analysts attribute this broad commodity sell-off to the reduced demand for safe-haven assets as global risks appear to be stabilizing. A stronger US dollar continues to make dollar-denominated commodities more expensive for international buyers, further weighing on the market.